774 Blake Avenue
About this property
Rare opportunity at 774 Blake Avenue — perfect for the savvy investor AND the smart first-time homebuyer! First-time buyers, take note — this property may qualify for an FHA 203k renovation loan, allowing you to finance both the purchase and renovation costs in one mortgage, turning potential into profit from day one! Reimagine the space, bring your vision and make This powerhouse property your own — formerly a two-family with a commercial storefront — is primed for reconversion and packed with income-producing potential. The main unit features 3 bedrooms, a formal living room, full bath and a full kitchen. The expansive front living area on the first floor presents a compelling opportunity to restore the commercial storefront or expand into additional living space. The rear unit offers a private entrance, 1 bedroom, living room/dining/kitchen, and full bath — live in one unit and rent the other to offset your mortgage. Basement offers room to finish for additional living or recreation space. Generous backyard. Property is easily accessible for showings. With comparables in this thriving neighborhood commanding top dollar, $649,000 represents exceptional value for the scope of opportunity here. Whether you’re building a portfolio or planting roots — this property works for you. Conveniently located near public transportation, a neighborhood park, and community garden. Don’t let it pass you by. Submit your highest and best offer. Property will be delivered vacant.
Listing details
- Property Type
- Residential Income
- Sub-Type
- Duplex
- Year Built
- 1930
- Lot Size
- 1,900 sqft
- County
- Kings (Brooklyn)
- MLS #
- KEY862244
- Status
- Active
Street view & aerial
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FMR for Brooklyn, NY 11207
FY2025 · Nassau-Suffolk HUD Metro FMR Area
All bedroom sizes — ZIP 11207
| Unit Size | Monthly FMR | Annual Gross |
|---|---|---|
| Studio | $1,900 | $22,800 |
| 1 Bedroom | $2,156 | $25,872 |
| 2 Bedroom | $2,640 | $31,680 |
| 3 Bedroom | $3,324 | $39,888 |
| 4 BedroomSubject | $3,683 | $44,196 |
Source: U.S. Department of Housing & Urban Development — Nassau-Suffolk HUD Metro FMR Area, FY2025. FMR represents the 40th-percentile gross rent under the Section 8 Housing Choice Voucher program. Market rents in stable Long Island submarkets typically run 110–130% of FMR.
Mortgage calculator
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Questions about this listing
Is 774 Blake Avenue in Brooklyn still available?
Inventory changes daily. 774 Blake Avenue is currently listed as Active in OneKey® MLS. Contact East End Luxury Ltd. at (516) 449-2783 for the most up-to-date status, including any pending offers, auction date, or short-sale lender response.
Can I tour a foreclosure or short sale on Long Island?
Yes. Most distressed properties on Long Island, the Hamptons, and East End are available for showings by appointment. We coordinate access with the listing brokerage, asset manager, or seller's attorney and can typically schedule a tour within 24–72 hours.
How do offers work on a short sale or REO listing?
Short sales require lender approval and typically take 60–120 days from accepted offer to closing. REO/bank-owned listings follow asset-manager addenda and usually close in 30–45 days. Cash offers and pre-approved buyers receive priority. We guide you through every step.
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Listing last updated: 09/14/2026, 11:51 AM ET
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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