Introducing 214 Martense St! Configure to your heart's content on this 2-family home in historic quintessential Brownstone in Flatbush. Bring your architect and contractor. Perfect for the savvy homeowner looking to live-in the owner's duplex and have an income producing rental. Current annual RE Taxes are only $2,677! This 1910 built residence dripping with pre-war details embodies the neighborhood's rich history spanning approx. 2,729SF including a full height basement offering plenty of natural light, expansive living, stunning entrance, and high ceilings. Original details include grand original doors & banister, fireplace, wood paneling, exposed brick, hardwood parquet floors, moldings, and more.
The property is built 20' x 55' sits on 20' 122' lot with approximate unused FAR of 3,660 SF which means opportunity to expand in the future should you choose. Additionally, it is zoned R6 located in a Qualified Opportunity Zone. Perfect for experienced investors/developers looking for upside to add value to the community and take advantage of preferential tax treatment. There is no capital gains tax upon the sale of investments in Qualified Opportunity Zone (QOZ) if held for 10 years. There is also no depreciation recapture.
Situated conveniently nearby Church Ave (2/5) and not too far to Parkside Ave (B/Q) subway stations, with ever-expanding choice of restaurants, bars, coffee shops, galleries, shopping, and grocery stores. Prospect Park is a short bike ride away. Easily get into Downtown Brooklyn, or anywhere in Manhattan in under 30 minutes. Reach out to schedule a private appointment today!
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyer to verify all information.
