131 20th St, Brooklyn, NY, 11232

About This Home

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 25 x 100 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. Consult with your architect. 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.