1070 Park Place
Crown Heights | Brooklyn Avenue & Kingston Avenue
Ownership
Income Property
Lot Size
21'x125'
Floors/Apts
4/5
Status
Active
Real Estate Taxes
[Per Annum]
$ 16,392
Building Type
Townhouse
Building Size
21'x85'
Year Built
1931
Property Description
Prime Crown Heights Free-Market 5-Family Overlooking Brower Park – Excellent Investment!
Welcome to 1070 Park Place, a rare pre-war 5-family property ideally positioned between Brooklyn Avenue and Kingston Avenue, directly overlooking the serene Brower Park and opposite the Brooklyn Children's Museum. This well-maintained brick building offers a unique blend of immediate income potential and long-term upside, perfectly suited for investors or end-users seeking a foothold in one of Brooklyn’s most dynamic and appreciating neighborhoods.
The combination of location and building layout presents tremendous upside potential. The basement, featuring 8-foot ceilings, can easily be transformed into an additional income-generating unit or amenity space, further enhancing overall returns.
The property consists of five spacious residential units:
• (3) Four-Bedroom, Two-Bath Apartments
• (1) Three-Bedroom, One-Bath Apartment
• (1) One-Bedroom, One-Bath Apartment
Several units are currently occupied by fee-paying tenants, while others are occupied by family members, allowing the building to be delivered vacant upon closing—a rare and valuable feature for investors looking to reposition or convert.
Each free-market unit not occupied by family currently generates $3,900/month, reflecting strong in-place income with substantial growth potential through light cosmetic upgrades or full-scale modernization. The building’s pre-war character, large layouts, and proximity to Brower Park make it highly desirable to tenants. With the 3 train at Kingston Avenue just minutes away, residents enjoy convenient access to Downtown Brooklyn and Manhattan, while surrounded by the energy of Crown Heights’ vibrant cafés, restaurants, and cultural landmarks.
Highlights:
• Free-market, 5-unit pre-war building
• Mix of large 4BR, 3BR, and 1BR units
• Can be delivered vacant
• Strong rent roll with upside potential
• Overlooking Brower Park
• Short distance from the 3 train at Kingston Ave
• Ideal for 1031 exchange or buy-and-hold.
Don’t miss this exceptional opportunity to acquire a high-potential Crown Heights asset with flexibility, location, and scale.
Welcome to 1070 Park Place, a rare pre-war 5-family property ideally positioned between Brooklyn Avenue and Kingston Avenue, directly overlooking the serene Brower Park and opposite the Brooklyn Children's Museum. This well-maintained brick building offers a unique blend of immediate income potential and long-term upside, perfectly suited for investors or end-users seeking a foothold in one of Brooklyn’s most dynamic and appreciating neighborhoods.
The combination of location and building layout presents tremendous upside potential. The basement, featuring 8-foot ceilings, can easily be transformed into an additional income-generating unit or amenity space, further enhancing overall returns.
The property consists of five spacious residential units:
• (3) Four-Bedroom, Two-Bath Apartments
• (1) Three-Bedroom, One-Bath Apartment
• (1) One-Bedroom, One-Bath Apartment
Several units are currently occupied by fee-paying tenants, while others are occupied by family members, allowing the building to be delivered vacant upon closing—a rare and valuable feature for investors looking to reposition or convert.
Each free-market unit not occupied by family currently generates $3,900/month, reflecting strong in-place income with substantial growth potential through light cosmetic upgrades or full-scale modernization. The building’s pre-war character, large layouts, and proximity to Brower Park make it highly desirable to tenants. With the 3 train at Kingston Avenue just minutes away, residents enjoy convenient access to Downtown Brooklyn and Manhattan, while surrounded by the energy of Crown Heights’ vibrant cafés, restaurants, and cultural landmarks.
Highlights:
• Free-market, 5-unit pre-war building
• Mix of large 4BR, 3BR, and 1BR units
• Can be delivered vacant
• Strong rent roll with upside potential
• Overlooking Brower Park
• Short distance from the 3 train at Kingston Ave
• Ideal for 1031 exchange or buy-and-hold.
Don’t miss this exceptional opportunity to acquire a high-potential Crown Heights asset with flexibility, location, and scale.
Prime Crown Heights Free-Market 5-Family Overlooking Brower Park – Excellent Investment!
Welcome to 1070 Park Place, a rare pre-war 5-family property ideally positioned between Brooklyn Avenue and Kingston Avenue, directly overlooking the serene Brower Park and opposite the Brooklyn Children's Museum. This well-maintained brick building offers a unique blend of immediate income potential and long-term upside, perfectly suited for investors or end-users seeking a foothold in one of Brooklyn’s most dynamic and appreciating neighborhoods.
The combination of location and building layout presents tremendous upside potential. The basement, featuring 8-foot ceilings, can easily be transformed into an additional income-generating unit or amenity space, further enhancing overall returns.
The property consists of five spacious residential units:
• (3) Four-Bedroom, Two-Bath Apartments
• (1) Three-Bedroom, One-Bath Apartment
• (1) One-Bedroom, One-Bath Apartment
Several units are currently occupied by fee-paying tenants, while others are occupied by family members, allowing the building to be delivered vacant upon closing—a rare and valuable feature for investors looking to reposition or convert.
Each free-market unit not occupied by family currently generates $3,900/month, reflecting strong in-place income with substantial growth potential through light cosmetic upgrades or full-scale modernization. The building’s pre-war character, large layouts, and proximity to Brower Park make it highly desirable to tenants. With the 3 train at Kingston Avenue just minutes away, residents enjoy convenient access to Downtown Brooklyn and Manhattan, while surrounded by the energy of Crown Heights’ vibrant cafés, restaurants, and cultural landmarks.
Highlights:
• Free-market, 5-unit pre-war building
• Mix of large 4BR, 3BR, and 1BR units
• Can be delivered vacant
• Strong rent roll with upside potential
• Overlooking Brower Park
• Short distance from the 3 train at Kingston Ave
• Ideal for 1031 exchange or buy-and-hold.
Don’t miss this exceptional opportunity to acquire a high-potential Crown Heights asset with flexibility, location, and scale.
Welcome to 1070 Park Place, a rare pre-war 5-family property ideally positioned between Brooklyn Avenue and Kingston Avenue, directly overlooking the serene Brower Park and opposite the Brooklyn Children's Museum. This well-maintained brick building offers a unique blend of immediate income potential and long-term upside, perfectly suited for investors or end-users seeking a foothold in one of Brooklyn’s most dynamic and appreciating neighborhoods.
The combination of location and building layout presents tremendous upside potential. The basement, featuring 8-foot ceilings, can easily be transformed into an additional income-generating unit or amenity space, further enhancing overall returns.
The property consists of five spacious residential units:
• (3) Four-Bedroom, Two-Bath Apartments
• (1) Three-Bedroom, One-Bath Apartment
• (1) One-Bedroom, One-Bath Apartment
Several units are currently occupied by fee-paying tenants, while others are occupied by family members, allowing the building to be delivered vacant upon closing—a rare and valuable feature for investors looking to reposition or convert.
Each free-market unit not occupied by family currently generates $3,900/month, reflecting strong in-place income with substantial growth potential through light cosmetic upgrades or full-scale modernization. The building’s pre-war character, large layouts, and proximity to Brower Park make it highly desirable to tenants. With the 3 train at Kingston Avenue just minutes away, residents enjoy convenient access to Downtown Brooklyn and Manhattan, while surrounded by the energy of Crown Heights’ vibrant cafés, restaurants, and cultural landmarks.
Highlights:
• Free-market, 5-unit pre-war building
• Mix of large 4BR, 3BR, and 1BR units
• Can be delivered vacant
• Strong rent roll with upside potential
• Overlooking Brower Park
• Short distance from the 3 train at Kingston Ave
• Ideal for 1031 exchange or buy-and-hold.
Don’t miss this exceptional opportunity to acquire a high-potential Crown Heights asset with flexibility, location, and scale.
Listing Courtesy of Brown Harris Stevens Brooklyn LLC
Care to take a look at this property?
Apartment Features
A/C
Building Details [1070 Park Place]
Ownership
Income Property
Service Level
Voice Intercom
Block/Lot
1243/34
Building Size
21'x85'
Zoning
R6
Building Type
Townhouse
Year Built
1931
Floors/Apts
4/5
Lot Size
21'x125'
Mortgage Calculator in [US Dollars]
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Additional building data provided by On-Line Residential [OLR].
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