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Property Description

Expert Opinion: 2804 Farragut Road, Brooklyn, NY 11210Market Context:Based on current market data for Flatbush, Brooklyn (zip code 11210), this two-family home is positioned as a strong and stable investment. The Flatbush real estate market for multi-family homes is robust, with a consistent demand driven by its diverse community, excellent amenities, and convenient transportation. While some market data shows fluctuations in median sales prices, multi-family properties, particularly those with a desirable layout, have consistently held their value.Property Strengths:Versatile Layout: This propertys classic two-family structure, with a full-finished basement, offers immense flexibility. For an investor, it presents an opportunity for two separate income streams. For an owner-occupant, it provides the chance to live in one unit while offsetting mortgage costs with rental income from the second unit.Prime Location: Farragut Road is a desirable residential street in an area that offers the best of both worlds: a quiet, neighborhood feel combined with immediate access to Flatbushs vibrant commercial corridors. The proximity to key public transportation hubs (2, 5, and Q trains, as well as multiple bus lines) is a significant advantage, appealing to a wide range of potential tenants or buyers. The convenience of nearby shopping and a gym adds to its appeal.Solid Construction and Historical Charm: The description highlights beautiful brick construction and original detailing. In the Brooklyn market, well-maintained pre-war properties with architectural character are highly sought after. This feature adds to the homes value and desirability.Added Value: The inclusion of a finished basement and a large backyard are major selling points. A finished basement significantly increases usable square footage, and private outdoor space in Brooklyn is a premium amenity that commands higher prices.Potential Considerations:Competition: While demand is high, the market for multi-family homes in Flatbush is competitive. The propertys price point should be aligned with recent comparable sales in the area to ensure a timely sale.Maintenance: A property built in 1901 may require ongoing maintenance to preserve its structural integrity and historical details. Potential buyers will want to know about recent updates to major systems like plumbing, electrical, and roofing.Financing: The asking price and current market interest rates will influence the affordability for a prospective buyer. Providing an affordability calculator or connecting buyers with a mortgage lender who specializes in multi-family properties would be beneficial.Conclusion:2804 Farragut Road represents a compelling opportunity in a dynamic and reliable market. Its classic layout, prime location, and valuable amenities make it a strong candidate for a wide range of buyers, from seasoned investors to those seeking to enter the Brooklyn real estate market. The propertys combination of income-generating potential and residential quality makes it an asset poised for strong performance.

BrooklynNew York
Address Map
USA
NY
Brooklyn
11210
11210

2804 Farragut Rd.

Brooklyn, New York, 11210, United States

6 Bedrooms
3 Bathrooms
2,000 Sqft
$1,500,000
Listing ID #1977856
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1977856
Ref ID : 2404c81b-7a23-447e-b940-641a27e0ec90
Price : $1,500,000
Bedrooms : 6
Bathrooms : 3
Square Footage : 2,000 Sqft
Lot Area : 1,000.00 Acre
MLS : 495308
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