Don’t miss your chance at owning a versatile Brooklyn property that combines investment potential with classic appeal. 161 East 89th Street is a rare two family home in the heart of Brooklyn’s East Flatbush/Canarsie corridor, a property that offers both immediate use and long‑term upside.
A Great Two‑Family in a Prime Brooklyn Pocket
This solidly built two‑family residence was constructed in 1935 and features a traditional layout that’s highly functional for owner occupiers and investors alike.
Key Features
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Two independent units; ideal for rental income, multi‑generational living, or hybrid use.
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Spacious interior square footage on a generous lot. Ample footprint for expansion or customization.
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Classic architectural character from the 1930s, with potential to modernize finishes while preserving charm.
This property’s structure and location speak to enduring interest from buyers seeking real estate that can perform as both a home and an investment.
Why This Property Matters
Brooklyn’s multifamily homes remain a cornerstone of the borough’s residential real estate, it is prized because they:
- Deliver flexible income potential. With two separate units under one roof, you can live in one unit and rent the other, offsetting mortgage costs while building equity.
- Offer upgrade and value add opportunity. Properties of this vintage often allows buyers to add value through renovations, increasing rental income or resale value.
- Anchor you in a growing market. 161 East 89th Street is situated in a community that bridges East Flatbush and Canarsie neighborhoods benefitting from the renewed interest due to affordability relative to other Brooklyn submarkets.
Location Highlights
Located in Brooklyn’s 11236 ZIP code, this property sits within striking distance of established retail corridors, transit options, and neighborhood amenities.
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Transit and Bus access: Conveniently located near essential amenities, including BJ’s Wholesale Club, Target, local restaurants, and a variety of local parks such as Canarsie Park and Shirley Chisholm State Park. Transportation is close by; catch the 2, 3, 4, or 5 train at Saratoga Ave or the L train at Rockaway Parkway. Catch the B8 or B17 at Avenue B/ Remsen Ave or B47 on Ralph Ave. There is also easy access to major roadways, such as Linden Boulevard and the Belt Parkway.
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Community character: This property offers space, versatility, and the charm of a quiet neighborhood tucked away on a tree-lined block. A wonderful balance of residential calm and urban energy without having to sacrifice access to the city access.
Contact me today to view this great property!