116-63 Sutphin Boulevard

New York NY 11434

2520 sq. ft.

2348 sq. ft.

Duplex

Currently for sale - view listing

Overview

Rare 3-Family + Storefront Opportunity with Additional Development Potential Exceptional opportunity to acquire a versatile 3-family property with a storefront and an additional vacant lot directly behind the building included in the sale. The property offers an attractive combination of existing income-producing space and additional land, creating potential for investors, developers, and owner-users seeking long-term upside. The three-family building provides residential income potential, while the storefront offers valuable commercial space along Sutphin Blvd. The real opportunity is the additional rear lot. The vacant parcel is included in the sale and provides the potential to explore future development, expansion, or other permitted uses, subject to zoning, lot configuration, approvals, and applicable NYC regulations. This additional land creates flexibility and potential that is not typically available with a standard 3-family property. Whether you're looking to maximize existing rental income, occupy the commercial space, or investigate the development possibilities of the additional lot, this property presents a unique opportunity to acquire both an established building and valuable additional land in one transaction.

Features

5 bedrooms

3 bathrooms

2520 sq. ft. floor area

2348 sq. ft. lot size

Duplex

Property history for 116-63 Sutphin Boulevard

2017

Sold

$520,000

05 Jun 2017 by Michael Johnson, of Baxter Real Estate Inc

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