427 Dewitt Ave, New York City, NY 11207

Description

- Projected CAP Rate: 6.62%
- Three-Family Free Market Building

Welcome to 427-431 DeWitt Avenue, a spacious three-family brick townhouse in Brooklyn's East New York neighborhood. Built in 2004, this three-story property offers approximately 4,707 square feet of residential space, three generously proportioned apartments, and private outdoor space, making it an excellent opportunity for investors and end users alike.

The building consists of two three-bedroom, two-bathroom apartments and one two-bedroom, two-bathroom garden apartment. Each residence features a spacious living and dining area, a separate kitchen, a primary bedroom with an en-suite bathroom, a second full bathroom, and ample closet space.

The garden-level apartment offers two bedrooms, two full bathrooms, and direct access to a private backyard measuring approximately 29' x 20', providing plenty of room for outdoor dining, entertaining, or gardening. A front garden measuring approximately 15' x 20' provides additional outdoor space.

The second and third floors each feature three bedrooms and two full bathrooms, with expansive living and dining rooms measuring approximately 31'9" x 11'2". These well-proportioned apartments offer comfortable layouts and flexibility for a variety of living arrangements. The third floor also provides access to the roof.

Situated on an approximately 20' x 95' lot, the property features a brick exterior and is conveniently located near neighborhood shopping, restaurants, and public transportation.

Whether you're an investor seeking a three-family income-producing property or an end user looking to occupy one apartment while collecting rental income from the others, 427 DeWitt Avenue offers generous space, flexibility, and long-term investment potential.

*Property Highlights:*
-Three-family brick townhouse built in 2004
-Approximately 4,707 square feet
-8 bedrooms and 6 full bathrooms
-Two 3-bedroom, 2-bathroom apartments
-One 2-bedroom, 2-bathroom garden apartment
-Primary bedrooms with en-suite bathrooms
-Spacious living and dining areas
-Private backyard approximately 29' x 20'
-Front garden approximately 15' x 20'
-Approximately 20' x 95' lot
-R6 zoning