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New York>Brooklyn>East New York

124 Pennsylvania AvenueBrooklyn, NY 11207

For Sale

$988,000

Smart Buyer Rebate $12,200

Excellent opportunity in East New York! This 2-family building sits on a 25 × 100 lot (~2,500 SF) within R7A / C2-4 zoning, offering great potential for mixed-use or residential redevelopment. Existing building ~2,120 SF (two units, two stories) provides immediate income while you plan future use. Located near transit, schools and major retail corridors, the property benefits from the ongoing revitalization of East New York and supportive zoning policies under NYC’s “City of Yes.” Ideal for developers or investors seeking value-add projects with long-term growth potential.

Lot 25×100 (approx 2,500 SF) | Building ~2,120 SF | Zoning R7A/C2-4 | 2 Units | Vacant at closing (optional)

Listed by Hua Qiu

·

Elite Home Property Adv LLC

·

917-993-7566

Last updated October 11, 2025

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Source: OneKey #923180

Listing Facts

  • TypeMulti-family
  • NeighborhoodEast New York
  • Days on Prevu12
  • Taxes$5,570/year

Amenities

  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

10/10/2025
Listed by Elite Home Property Adv LLC
$988,000

Estimated Closing Costs

Total
$29,161
Attorney Fees
$4,000
Title Insurance
$4,446
Bank Attorney
$1,500
Mortgage Recording Tax
$15,215
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $988,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 124 Pennsylvania Avenue

Exterior

Construction

  • Number Of Units Total: 2
  • Year Built: 1901
  • Construction Materials: Brick

Measurements

  • Building Area Total: 2,120
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Square Feet: 2,500

Financial

Taxes

  • Parcel Number: 03686-0030
  • Tax Annual Amount: $5,570.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: First Floor Bedroom

Rooms

  • Basement: Unfinished
  • Has Basement: Yes

Parking

Parking

  • Parking Features: Off Street

Utilities

Equipment

  • Cooling: Central Air
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Public

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.