174 Bay 53rd Street, Brooklyn, New York 11214

$1,250,000
4
BD
2
BA
960
SqFt

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List Price
$1,250,000
Status
ACTIVE
Days on Market
19
MLS#
502952
Style
Ranch
Year Built
1930
Bedrooms
4
Bathrooms
2
Full Baths
2
Living Area
960
Lot Size
2,000
MLS Area Major
Gravesend

Property Description

Newly Renovated Single-Family Home with Exceptional Development Potential. This beautifully updated single-family residence features 4 bedrooms and 2 full bathrooms. The property is being sold together with an adjoining irregularly shaped lot, offering a combined land footprint of approximately 20 × 100 ft plus an adjacent 37 × 100 ft lot. This rare offering provides the perfect opportunity to redevelop or design an expansive, private outdoor retreat. The home is situated directly across the street from Six Diamonds Park, offering convenient access to open green space, sports fields, and community events. It is a perfect combination of comfort, convenience, and vibrant outdoor proximity. As evening falls, unwind in your own expansive outdoor sanctuary, which offers endless possibilities for relaxation, entertainment, and privacy. In addition to its outstanding development potential, the adjoining lot offers excellent rental or income-producing potential, providing added financial flexibility to help offset future ownership costs. Whether you choose to maintain the existing usage or redevelop the property, this unique offering combines strong investment value with exceptional lifestyle potential—a rare opportunity for both immediate utility and long-term appreciation.

Additional Information

Taxes
$3,476
Financing
1031 Exchange, Bank Mortgage, Cash
Property Description
Ranch
Zoning
R4
Flooring
Laminate
Heating
Gas
Exterior Features
Other
Roof
Flat
Foundation
Other

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Calculator source: Real Geeks

Courtesy Of RE/MAX Edge