774 Blake Avenue 2, Brooklyn, NY 11207
Kings (Brooklyn) County
Key Facts
Description
Rare opportunity at 774 Blake Avenue — perfect for the savvy investor AND the smart first-time homebuyer! Reimagine the space, bring your vision and make This powerhouse property your own — formerly a two-family with a commercial storefront — is primed for reconversion and packed with income-producing potential. First-time buyers, take note — this property may qualify for an FHA 203k renovation loan, allowing you to finance both the purchase and renovation costs in one mortgage, turning potential into profit from day one. The main unit features 3 bedrooms, a formal living room, full bath and a full kitchen. The expansive front living area on the first floor presents a compelling opportunity to restore the commercial storefront or expand into additional living space. The rear unit offers a private entrance, 1 bedroom, living room/dining/kitchen, and full bath — live in one unit and rent the other to offset your mortgage. Basement offers room to finish for additional living or recreation space. Generous backyard. Property is easily accessible for showings. With comparables in this thriving neighborhood commanding top dollar, $749,000 represents exceptional value for the scope of opportunity here. Whether you’re building a portfolio or planting roots — this property works for you. Conveniently located near public transportation, a neighborhood park, and community garden. Don’t let it pass you by. Submit your highest and best offer. Property will be delivered vacant.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Style
Colonial
Year Built
1930
Living Area
1,990 sq ft
Lot Size
0.04 acres
Days on Market
6
MLS® Listing#
862244
Property Features
Cooling
Heating
Basement
Parking
Fencing
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Ps 89 Cypress Hills
- Middle:
- East New York Middle Sch-Excellence
- High:
- Perf Arts & Tech High School
Financial Details
Annual Taxes
$3,490
Assessed Value
$50,940
Parcel Number
04057-0022
Directions
Please Use GPS
Affordability Calculator
$149,800
Estimated monthly payment
$3,986/mo
Principal $599,200 · Est. interest $835,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brooklyn, NY
- $990,777
- Median Listing Price
- 82
- Median Days on Market
- 1,640
- Median Sq Ft
- $567
- Median Price / Sq Ft
- 2,908
- Active Listings
- This home’s price is 24% below the area median.
- Its price per sq ft is 34% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brooklyn, NY.
Location
Points of Interest in Brooklyn, NY
Showing the Brooklyn area map.
Nearby Schools
PS 149 Danny Kaye
Elementary · 0.2 mi away
Hyde Leadership Charter School
Secondary · 0.2 mi away
Bard High School Early College Brooklyn
Secondary School · 0.3 mi away
J. H. S. 292 Margaret S. Douglas
Secondary · 0.3 mi away
Achievement First Apollo Middle School
School · 0.3 mi away
World Academy for Total Community Health High School
Secondary · 0.3 mi away
Watch High School
Secondary · 0.3 mi away
Performing Arts and Technology High School
Secondary · 0.3 mi away
Fdny - Captain Vernon A. Richard High School for Fire and Life Safety
Secondary · 0.3 mi away
Young Adult Borough Center Thomas Jefferson Campus
Secondary · 0.3 mi away
Grace Baptist School
Elementary · 0.3 mi away
IS 292
Secondary · 0.3 mi away
Passages Academy- Belmont
School · 0.3 mi away
P. S. 190 Sheffield
Elementary · 0.3 mi away
PS 13
Elementary · 0.4 mi away
Brooklyn School District 19
School · 0.4 mi away
PS 158 Warwick
Elementary · 0.4 mi away
Hyde Leadership Charter School - Brooklyn
Elementary · 0.4 mi away
P. S. 328 Phyllis Wheatley
Elementary · 0.4 mi away
Brooklyn Gardens Elementary School
Elementary · 0.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1577 East 17th Street 4G, Brooklyn, NY | $529,000 | 3 | — | 1,300 |
| 3903 Nostrand Avenue 5P, Brooklyn, NY | $529,000 | 3 | — | 1,480 |
| 1653 West 7th Street 1F, Brooklyn, NY | $530,000 | 3 | — | 850 |
| 2800 Coyle Street 322, Brooklyn, NY | $539,000 | 3 | 2 | 1,400 |
| 2800 Coyle Street 322, Brooklyn, NY | $539,000 | 3 | — | 1,400 |
| 4510 Clarendon Road, Brooklyn, NY | $549,000 | 3 | — | 1,440 |
Moving Cost Estimate
EXIT Agents in Brooklyn
Listing Courtesy: The C Y D Realty Group LLC - 7183419900
Presented by: Bren A. Chin
Fair Housing Notice