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31561092
31561098

131 20th St, Brooklyn, NY 11232

Compass Union Square
Listed by Compass Union Square
$1,995,000
59 days on market
Updated 39 days ago

131 20th Street

Details
Property Type Multifamily
Sub Type Three-Family
Square Footage 2,700
Price per SqFt $739

Multifamily

Marketing description

Welcome to 131 20th Street, a newly renovated 3-family property offering strong income potential and flexible living options. This well-maintained building spans approximately 2,700 square feet with a 25 ft x 36 ft footprint on an expansive 100.17 x 100.42 lot.

Each floor features a thoughtfully designed 2-bedroom apartment, with layouts that maximize natural light and make excellent use of space.

The property has been recently renovated, including a new roof, providing added long-term value. Currently fully rented, this is a turnkey asset with immediate cash flow.

The building also has over 17,400 Sq Ft of Unused FAR , This is huge unused FAR (Air Rights). Current FAR used: 0.27

Max FAR allowed: ~2.0 (industrial base with residential overlay). With M1-2D zoning, this is a conversion / development play, not just an expansion.

Annual taxes are just $4,266, an incredibly low figure that further enhances the property's strong return potential.

There is also an opportunity to create a spacious owner’s duplex on the first floor (see alternate floor plans), making it ideal for a buyer looking to live in one unit while maintaining rental income.

Please email for rent roll and to schedule a showing.

Listing Contacts

Compass Union Square
Listed by Compass Union Square

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