CAN BE DELIVERED VACANT Welcome to 286 Clifton Place located on a beautiful tree lined Brownstone street on the border of Clinton Hill amp ; Bedford Stuyvesant.

286 Clifton Place
Brooklyn NY 11216
Cross street:Bedford Avenue

Building

Type:Townhouse
Era:Post-war
Floors:4

Property

Ownership: Multi-Family
Rooms: 14
Bedrooms: 6 BR
Bathrooms: 4.5
Pets: Pets Unknown

Financials

Price: $2,749,995

Description

**CAN BE DELIVERED VACANT**

Welcome to 286 Clifton Place located on a beautiful tree-lined Brownstone street on the border of Clinton Hill & Bedford-Stuyvesant. This rarely found high income-producing 3-family property boasts a 5.8% cap rate. A perfect, gut renovated, 3-family home that’s fully leased and grossing $12,300/month in rent - effectively covering the entire mortgage.

The 4-story townhouse has been completely reimagined with modern upgrades, amenities, and tasteful finishes that today's discerning buyers look for. Upon arriving, the grand Brownstone steps will lead you into the Owner's Parlor & Garden duplex with a fully finished basement, 2 spacious bedrooms, 2.5 baths, and a modern enclosed backyard. The open concept living, dining and kitchen area feature high ceilings, new flooring and an ornamental fireplace. The brand new kitchen is bright and appealing with new cabinetry, granite counter-tops and high-end stainless steel appliances including a massive Frigidaire professional series refrigerator. The back door opens to a large relaxing deck that overlooks the backyard and private garden. The South facing sun-soaked master bedroom also peers into the backyard which is privately enclosed with a sleek modern wood fence. A canopying tree completes this meditative paradise and oasis. The master en-suite bathroom is beautified with wall to wall marble and is complimented with a large walk-in closet. The fully finished basement provides for ample storage space or optional rec room. The home is fitted with Forced-Air heating & cooling system, vented washers & dryers and an ADT security system.

Additionally, both rental units were recently renovated with brand new kitchens and bathrooms to fully maximize rental income potential. Each apartment has hardwood floors through-out, decorative mantles and are completely bathed in natural light from both exposures. Transportation to the city is stellar with just a short distance to either the Bedford-Nostrand G train or down to the A/C lines at Nostrand Ave express stop. Bedford and Nostrand are bustling with trendy neighborhood shops, cafes, and award-winning restaurants.

Rents:

Apt 1 - $6,000
Apt 2 - $3,150
Apt 3 - $3,150

Note: The home recently underwent a conversion to a 3-family (pending) and as such brought to current building codes. This neighborhood is seeing an unprecedented number of renovations. There is great potential for rental up-side and the upward neighborhood appreciation in home values make this property a sound investment.

Amenities

Alarm System;

  • Balcony
  • Patio
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

CAN BE DELIVERED VACANT Welcome to 286 Clifton Place located on a beautiful tree lined Brownstone street on the border of Clinton Hill amp ; Bedford Stuyvesant.

Description

**CAN BE DELIVERED VACANT**

Welcome to 286 Clifton Place located on a beautiful tree-lined Brownstone street on the border of Clinton Hill & Bedford-Stuyvesant. This rarely found high income-producing 3-family property boasts a 5.8% cap rate. A perfect, gut renovated, 3-family home that’s fully leased and grossing $12,300/month in rent - effectively covering the entire mortgage.

The 4-story townhouse has been completely reimagined with modern upgrades, amenities, and tasteful finishes that today's discerning buyers look for. Upon arriving, the grand Brownstone steps will lead you into the Owner's Parlor & Garden duplex with a fully finished basement, 2 spacious bedrooms, 2.5 baths, and a modern enclosed backyard. The open concept living, dining and kitchen area feature high ceilings, new flooring and an ornamental fireplace. The brand new kitchen is bright and appealing with new cabinetry, granite counter-tops and high-end stainless steel appliances including a massive Frigidaire professional series refrigerator. The back door opens to a large relaxing deck that overlooks the backyard and private garden. The South facing sun-soaked master bedroom also peers into the backyard which is privately enclosed with a sleek modern wood fence. A canopying tree completes this meditative paradise and oasis. The master en-suite bathroom is beautified with wall to wall marble and is complimented with a large walk-in closet. The fully finished basement provides for ample storage space or optional rec room. The home is fitted with Forced-Air heating & cooling system, vented washers & dryers and an ADT security system.

Additionally, both rental units were recently renovated with brand new kitchens and bathrooms to fully maximize rental income potential. Each apartment has hardwood floors through-out, decorative mantles and are completely bathed in natural light from both exposures. Transportation to the city is stellar with just a short distance to either the Bedford-Nostrand G train or down to the A/C lines at Nostrand Ave express stop. Bedford and Nostrand are bustling with trendy neighborhood shops, cafes, and award-winning restaurants.

Rents:

Apt 1 - $6,000
Apt 2 - $3,150
Apt 3 - $3,150

Note: The home recently underwent a conversion to a 3-family (pending) and as such brought to current building codes. This neighborhood is seeing an unprecedented number of renovations. There is great potential for rental up-side and the upward neighborhood appreciation in home values make this property a sound investment.

Amenities

Alarm System;

  • Balcony
  • Patio
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.