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148 29th Street, 
Brooklyn, NY 11232

$1,650,000


5

Beds


3

Baths


2,100

Sq Ft


Multi-Family

Pending

Listed by

Ching Cheng

Melissa Piccolomo

Compass

Last updated:

May 23, 2025, 02:34 PM

MLS#

RLS10942235

Source:

NY REBNY

About This Home

148 29th Street

Rarely does a true 3-family property become available in the up-and-coming neighborhood of Greenwood Heights, offering spacious living and serene surroundings. Ideal for both end-users and investors, this property currently functions as an income-producing asset with three separate rental units. However, it presents the opportunity to easily convert into an owner's duplex with an income-generating unit on the ground floor. Situated on a 25x100 lot with an unused FAR of 2,905, this property boasts recent renovations throughout all units. The current layout includes a 2 bedroom/1 bath unit on the top floor, another 2 bedroom/1 bath unit on the second floor, and a 1 bedroom/1 bath unit on the ground floor. Each unit enjoys access to a well-maintained backyard through a private 5' alley running alongside the house. With separate mechanicals and grids for each unit, operational costs remain low, and ceiling heights exceed 9' in all units. Additionally, the property utilizes only .84 of its FAR, leaving ample room for expansion, with a maximum FAR of 1.65 for residential use or 2 for commercial use. There's even potential to expand each unit into a 3 bed/2 bath configuration. Conveniently located just minutes away from transportation options such as the R at 25th Street or the express N and D at 36th Street, as well as Industry City, a prominent manufacturing coworking and retail space in Brooklyn. Residents can also enjoy proximity to Greenwood Park, a popular 13,000-square-foot beer garden with bocce courts and seasonal menus. Furthermore, the area is undergoing significant development with numerous high-profile condo and commercial projects slated for 4th Avenue and 5th Avenue. Whether you're seeking a promising investment opportunity or more living space, this property is not to be overlooked.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1934

Price Summary

1,650,000

$785 per Sq. Ft.

MLS #:

RLS10942235

Last Updated:

May 23, 2025, 02:34 PM

Added:

a year ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,100 Sq. Ft.


Structure

Structure

Building Area:

2,100 Sq. Ft.

Year Built:

1934


Finances & Disclosures

Finances

Price:

$1,650,000

Price per Sq. Ft:

$785 per Sq. Ft.

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2025 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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