For Sale | MultiFamily Property
$2,225,000
553 Morgan Avenue, Brooklyn, NY 11222
For Sale
Multifamily
Active
Last Updated: 01/27/2025
3,078 sqft
Building Size
R6B / C2-4
Zoning
Details:
Building Size: 3,078 sqft
Zoning: R6B / C2-4
Highlights:
- Value-Add Opportunity: There is significant upside in the rent roll that can be unlocked via renovations.
- Owner-User Potential: The property would make a fantastic single family home conversion, or buyer could live in a portion of the building and collect rent from the rest
- Quiet Residential Block: Situated on a quiet tree-lined residential block
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
- Available Air Rights: There are roughly 725 SF of unused air rights for future expansion, development, or disposition.
- Protected Tax Class: Tax Class 1 limits tax increase to no more than 6% per year or 20% over 5 years.
- Neighborhood Amenities: Located within a few blocks of McGolrick Park, retail on Nassau and Driggs Avenues, and N. Brooklyn nightlife.
Documents:
Title | ||
---|---|---|
Offering Memorandum
|
* Documents permissions are set by the listing owner, request information to access locked documents.
Location

Gallery







