OFF-MARKET ASSIGNMENT OPPORTUNITY 4-story, 6,368 SF walk-up at, Crown Heights, about 65% through a gut renovation. Seller's plan is 10 units (six 1BR + four studios).
THE NUMBERS - Asking: $2,900,000 - Remaining work: $700K–$800K (seller estimate)- Est. finished value: $4.2M–$4.8M COMPS (sold last 6 months) - 1277 Lincoln Pl: $4,800,000, Jul 2026, 6 units, 7,308 SF ($657/SF)- 1467 Bedford Ave: $6,800,000, May 2026, 12 residential units, 9,078 SF ($749/SF)
READ BEFORE OFFERING - Approved plans show 8 units, not 10. A later amendment was disapproved 10/5/26.- Partial stop-work on record, plus 6 open DOB and 10 open OATH/ECB violations (as of 10/5/26). Seller states the stop-work is resolved and the lender cures open items at closing; buyer to verify.- Permit expires 1/21/27. No CO/TCO on file.- Built 1901, 20x140 lot, R6. Sold as-is.
TERMS - Cash, hard or private money. Offers + proof of funds reviewed as received.- EMD negotiable, non-refundable.
Contact: Christian T EastCoastBuyers
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Figures from the seller unless a line says otherwise. Verify before you close.
