322 Empire Boulevard is a mixed-use building located in the Prospect Lefferts Garden/Crown Heights area of Brooklyn. This property features a two-family residential setup above a retail space, making it an attractive investment opportunity. Each of the residential units consists of two bedrooms and two bathrooms, providing ample living space for tenants or owners. The building is situated on a lot measuring 16.42 by 100 feet and is zoned R7, C1, allowing for a variety of potential uses and developments.
The property boasts an unused Floor Area Ratio (FAR) of 2692 square feet, presenting further development possibilities. With a potential cap rate of 6.4%, it is positioned in a busy area with significant traffic along Empire Boulevard, enhancing its visibility and accessibility. This combination of residential and commercial space makes 322 Empire Boulevard a versatile option for investors looking to capitalize on the growing demand in this vibrant neighborhood.
While there are no notable celebrity residents or specific reviews mentioned, the building's strategic location and mixed-use nature contribute to its appeal. The residential units are designed to accommodate modern living, making them suitable for a range of tenants. Overall, 322 Empire Boulevard represents a solid investment in a dynamic part of Brooklyn.