1707 E 34th St Brooklyn, NY 11234
Marine Park NeighborhoodEstimated payment $8,174/month
About This Home
Prime Multi-Family Investment Opportunity – Legal 3-Family with Exceptional Parking Rare opportunity to acquire a fully renovated legal three-family property with strong income potential and long-term value. The property sits on a 26.33 ft × 100 ft lot with a building size of approximately 18.33 ft × 40 ft, and each floor features a two-bedroom apartment layout with a living room, full bathroom, and kitchen, making the units highly rentable and appealing to tenants. The entire building underwent a complete gut renovation in 2018, with permits filed and signed off. Major improvements include new boilers, upgraded heating systems, and a new roof, along with professionally repointed brick exterior, significantly reducing future capital expenditures. Each unit is equipped with its own boiler, gas meter, and electric meter, minimizing landlord utility responsibilities and improving operational efficiency. A separate utility room is also in place for maintenance and system access. A standout feature of the property is the extensive parking capacity, including a legal two-car garage, private driveway, and an oversized concrete backyard capable of accommodating up to eight additional vehicles—an extremely rare amenity that can enhance rental value. All units are currently occupied on a month-to-month basis, allowing immediate rental income while providing flexibility for rent adjustments or potential owner occupancy. This semi-detached, low-maintenance, turn-key property presents an excellent opportunity for investors seeking multiple revenue streams and long-term upside potential. Note: The property is still tenant-occupied with on-time payments. Showings are available for serious offers only.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,724
Year Built
- Built in 1950
Home Design
- 2,633 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Additional Features
- 2,633 Sq Ft Lot
- No Heating
Community Details
- 3 Units
- Marine Park Subdivision
Listing and Financial Details
- Property Available on 3/24/26
- Legal Lot and Block 0012 / 7707
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,027 | $43,380 | $14,760 | $28,620 |
| 2024 | $9,027 | $51,000 | $14,760 | $36,240 |
| 2023 | $9,128 | $51,240 | $14,760 | $36,480 |
| 2022 | $8,780 | $50,340 | $14,760 | $35,580 |
| 2021 | $8,733 | $42,060 | $14,760 | $27,300 |
| 2020 | $8,287 | $43,560 | $14,760 | $28,800 |
| 2019 | $7,835 | $37,800 | $14,760 | $23,040 |
| 2018 | $7,835 | $37,455 | $13,650 | $23,805 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $1,395,000 | -- | $530 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $870,000 | -- | |
| Deed | $870,000 | -- | |
| Deed | $870,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Bargain Sale Deed | $230,000 | Fidelity National Title Ins | |
| Bargain Sale Deed | $230,000 | Fidelity National Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $652,500 | Purchase Money Mortgage | |
| Closed | $652,500 | Purchase Money Mortgage | |
| Previous Owner | $184,000 | No Value Available | |
| Closed | $0 | No Value Available |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20079123
APN: 07707-0012
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Ask me questions while you tour the home.