942 72nd Street
Property Description
Attention Savvy Investors and Developers! This is a rare opportunity to acquire a three-family home on a spacious 8,000 sq ft lot zoned R4-1, complete with a private driveway and tremendous upside potential. The existing building features three well-laid-out apartments: First Floor Duplex (with semi-finished basement): 4 bedrooms, living room, dining room, eat-in kitchen, 2 bathrooms, front yard, and rear porch - approximately 1,700 sq ft. Second Floor: 2-bedroom apartment with kitchen, dining room, bathroom, and a charming screened-in balcony - approximately 900 sq ft. Top Floor: Cozy 1-bedroom apartment with living room and dining room - approximately 800 sq ft. The property includes one heating system (gas boiler and hot water heater) serving the entire building. The private driveway comfortably fits 6 vehicles, plus there's a detached double-car garage. For developers, approved conceptual designs are available to build three new two-family homes, each with a detached garage - offering a maximum total buildable area of approximately 7,965 sq ft under current zoning. This is a massive opportunity for any builder or investment team looking to capitalize on strong rental demand or redevelopment potential in a prime location. Don't miss out! Inquire today through the listing broker to view the proposed plans and schedule a private showing. Add this high-potential gem to your portfolio today!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $2,800,000 |
| No. of Units: | 3 |
| Year Built: | 1901 |
| Lot Size: | 2,744.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $933,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 4 |
ID: 3yd-BMLSNY-502965
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