2331 Foster Ave, New York, NY 11210

Description

Flourish on Foster! Approx. 2,400 sq ft, 2-family semi-attached home set on a double lot with prime potential. This five-bedroom, five-bathroom, two-family home combines generously proportioned 2,400 square feet, plus approx. 1,000 sq ft semi-finished basement (approx. total= 3,400 sq ft), with plenty of parking (4-6 cars) and considerable flexibility for future expansion: development – adding additional units, potential garage conversion to studio / creative space, residential Accessory Dwelling Unit (ADU) and /or large yard or play area (all subject to applicable approvals).

The residence is currently configured as two apartments (main floor and top floor) with a semi-finished basement. The home will be delivered vacant. The main floor is currently configured with two bedrooms, one-bathroom, open kitchen, living and dining with gorgeous original coffered ceiling detail. The upper apartment offers three bedrooms, two bathrooms, and another beautifully appointed coffered ceiling in the living area with beautiful stained-glass windows and a private rear balcony. Lovely western, southern and northern light and original moldings and casings throughout! The semi-finished basement needs some TLC, but also comes with two bathrooms and laundry facilities – great space with great potential.

The double-width parcel dramatically expands how the property can be used. A long private driveway provides legal parking for up to four cars and leads to a detached two-car garage. Front and rear yards, a screened porch, rear deck and upper balcony create several distinct outdoor settings. The garage could potentially be adapted as a recreational room, studio or workshop, ADU, while the surrounding grounds could become a substantial setting for outdoor gathering and entertaining, subject to applicable approvals.

The existing configuration supports owner occupancy with rental income or use as a fully income-producing property. The scale and width of the lot may also accommodate a larger reworking or expansion of the building, subject to architectural, zoning and governmental review.

Along Foster Avenue and around Newkirk Plaza, neighborhood mainstays include Westwood, Rusty Nail, Milk & Honey Cafe, The Grounds of Brooklyn, Coffee Mob and Sunset Bagels. The 2/5 trains at Newkirk Avenue are approximately 0.3 miles away, while the B/Q trains at Newkirk Plaza are approximately 0.5 miles away.