656 Alabama Ave

Asset CRG Advisors, LLC has been exclusively retained to market 656 Alabama Avenue, a multifamily investment opportunity located in the East New York neighborhood of Brooklyn. The property contains approximately 2,052 square feet across two stories and is configured as two residential units, each currently laid out as two-bedroom apartments with the ability to convert to three-bedroom units. The building is constructed of brick and includes a full, above-grade basement, supporting long-term durability and functional use.

The property offers approximately 3,045 remaining buildable square feet, presenting expansion or redevelopment potential. It will be delivered vacant, allowing an investor to immediately reposition, renovate, or execute a value-add strategy. The asset is located approximately a five-minute walk to the New Lots Avenue station on the 3 line, providing direct access to Downtown Brooklyn and Manhattan, making it well positioned for both near-term execution and long-term upside.