Prime Prospect Heights Vacant Brownstone

Marcus & Millichap is pleased to offer 204 Park Place for sale, a vacant five family brownstone located between Vanderbilt Avenue and Carlton Avenue in the Prospect Heights section of Brooklyn, NY. The property is built 21 ft. x 50 ft. with a 1st and 2nd floor extension of 12.5 ft. x 12 ft. The property sits on a 21ft. x 131 ft. lot offering both front and rear yards. 204 Park Place is located a very short walk to the Q, 2 and 3 subway lines, Grand Army Plaza, the Brooklyn Museum, the Botanical Gardens, Prospect Park, and dining/shopping on Vanderbilt Avenue, Flatbush Avenue, Seventh Avenue, etc. This is a great opportunity to acquire a prime Prospect Heights vacant multifamily brownstone for either live in plus income potential or as a free market rental cash flowing asset. Residential rents in the area are readily fetching $50 +/- per SF. The ground and parlor floors, with private garden garden access, should rent for more.