03/03/2026
Palmary Group is pleased to present an exceptional residential investment opportunity in the heart of Midwood, Brooklyn.
Aggressively priced at $1,500,000, this property is a prime candidate for investors seeking value-add potential or developers looking for a strategic footprint in one of Brooklyn’s most stable residential markets.
Strategic Investment Potential
• Renovation & Resale: With a median sale price in Midwood trending near $1.1M and recently renovated properties in the immediate vicinity commanding upwards of $1.8M - $2.2M, 1316 Avenue N offers a significant “equity play” for those prepared to modernize.
• Rental Yield: The local market shows robust demand, with 2-bedroom units in the area currently fetching between $3,100 and $3,900+ per month. As a detached two-family structure, this property provides a dual-income stream that can be maximized through interior upgrades.
• Zoning & Footprint: Situated on a 29’ x 100’ lot with R5B zoning, the property offers a substantial building dimension of 20’ x 66’. This generous footprint allows for spacious apartment layouts or a potential conversion into a high-end single-family residence.
Property Features
• Configuration: Detached 2-Family Home (2,640–2,900 Sq. Ft.).
• Outdoor Space: Private backyard and a detached garage with a private driveway—a rare and high-value commodity in Brooklyn.
• Location: High-demand Midwood location. Minutes from the Q train (Avenue M station) and Coney Island Avenue, providing seamless access to Manhattan and local commercial hubs.
• Accessibility: Already equipped with a front-facing ramp, making it suitable for a wide range of future uses.
Sale Terms
• Asking Price: $1,500,000
• Condition: Sold AS-IS.
• Note: Excellent opportunity for cash buyers or 203(k) renovation loans.
Get In Touch!!
Secure your next project in one of Brooklyn’s most resilient neighborhoods.
Contact the Palmary Group today for more information:
📞 (718) 427-8842
📧 [email protected]