747 Monroe Street
Multifamily | 2 Units
Marketing description
Asset CRG Advisors has been exclusively retained to sell 747 Monroe Street, a three-story multi-family building located in the heart of Bedford-Stuyvesant, Brooklyn. The property offers 3,140 square feet of built area on a 1,500 square foot lot, currently in the final stages of a two-family renovation. With approximately $300,000 remaining to complete construction, this asset presents a rare opportunity for investors or end users to customize the finishing touches and maximize value.
Set within one of Brooklyn’s most dynamic neighborhoods, the building will be delivered vacant, offering immediate flexibility for redevelopment or occupancy. Its prime location near the Utica Avenue [A, C] and Gates Avenue [J, Z] subway stations ensures excellent connectivity to Downtown Brooklyn and Manhattan. Residents enjoy proximity to major retailers such as Target, Home Depot, Starbucks, and CVS, enhancing the property’s overall appeal and convenience.
Investment highlights
Mid-construction three-story multi-family building in Bedford-Stuyvesant, Brooklyn.
The property spans 3,140 SF across a 1,500 SF lot.
Currently 90% complete through a two-family renovation, with an estimated $300,000 needed to finalize construction.
Comparable two-family homes have sold for over $900 per square foot. The estimated resale value of 747 Monroe Street is between $2.8 million and $3 million.
Approved plans and due diligence is available upon request.
Ideally located near the Utica Avenue [A, C] and Gates Avenue [J, Z] subway stations.
Surrounded by major retailers including Target, Home Depot, Starbucks, and CVS.
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