The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

942 72nd Street

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Attention Savvy Investors and Developers!
This is a rare opportunity to acquire a legal three-family home on a spacious 8,000 sq ft lot zoned R4-1, complete with a private driveway and tremendous upside potential.
The existing building features three well-laid-out apartments:

First Floor Duplex (with semi-finished basement): 4 bedrooms, living room, dining room, eat-in kitchen, 2 bathrooms, front yard, and rear porch approximately 1,700 sq ft.
Second Floor: 1-bedroom apartment with kitchen, dining room, bathroom, and a charming screened-in balcony approximately 900 sq ft.
Top Floor: Cozy 1-bedroom apartment with living room and dining room approximately 800 sq ft.

The property includes one heating system (gas boiler and hot water heater) serving the entire building. The private driveway comfortably fits 6 vehicles, plus theres a detached double-car garage.
For developers, approved conceptual designs are available to build three new two-family homes, each with a detached garage offering a maximum total buildable area of approximately 7,965 sq ft under current zoning.
This is a massive opportunity for any builder or investment team looking to capitalize on strong rental demand or redevelopment potential in a prime location.
Dont miss out! Inquire today through the listing broker to view the proposed plans and schedule a private showing. Add this high-potential gem to your portfolio today!



Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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