Property Description

Welcome to 175 Chestnut Street, a rare fully vacant 3-family brick property in the heart of Cypress Hills, Brooklyn. Situated on a 20’ x 100’ lot, this exceptional income-producing property offers outstanding potential for investors, developers, or owner-occupants seeking space, flexibility, and long-term value. The building features three spacious residential units consisting of one 2-bedroom apartment and two 3-bedroom apartments, plus a finished basement offering an additional 2 rooms and 1 bathroom, bringing the property to a total of 5 bedrooms and 3 bathrooms. Each apartment offers generous room sizes and flexible layouts, while the finished basement provides additional space, recreation, storage, or workspace possibilities. The ground level also enjoys access to a private rear yard, perfect for outdoor enjoyment. Additional features include solid brick construction, hardwood, tile and carpet flooring, gas baseboard heat, 220-volt electric service, refrigerator and stove appliances, asphalt/flat roof, and low annual taxes of only $8,045. Delivered completely vacant at closing, the new owner will have the freedom to select tenants, renovate to maximize value, or occupy one unit while generating income from the others. Conveniently located near Fulton Street, public transportation, shopping, restaurants, schools, parks, and neighborhood amenities. This is a rare opportunity to acquire a large multi-family property in one of Brooklyn’s growing neighborhoods. Schedule your private showing today. Property Highlights ? Fully Vacant 3-Family Brick Property ? 10 Bedrooms Total ? 5 Full Bathrooms + 1 Half Bath ? Finished Basement with 2 extra rooms & 1 Bath ? Private Backyard ? 20 x 100 Lot (2,000 SF) ? Gas Baseboard Heat ? 220V Electric Service ? Annual Taxes: $8,045 ? Prime Cypress Hills Location ? Near Fulton Street & Public Transportation MLS Approve-No Financial provide due to property being vacant.ded