50 Fort Greene Place
Brooklyn, NY 11217
Cross street:De Kalb Avenue

Building

Type:Townhouse
Era:Post-war
Floors:4

Property

Ownership: Multi-Family
Rooms: 16
Bedrooms: Studio
Pets: Unknown

Financials

Price:$4,995,000
Real estate tax:$8,424
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Corcoran Group

Welcome to 50 Fort Greene Place, a renovated, income producing three unit brownstone on one of Fort Greene's most coveted tree lined blocks, just half a block from Fort Greene ...

Description

Welcome to 50 Fort Greene Place, a renovated, income-producing three-unit brownstone on one of Fort Greene's most coveted tree-lined blocks, just half a block from Fort Greene Park and moments from BAM. Spanning approximately 4,320 square feet plus a full cellar on a 20' x 100' lot, this stately four-story townhouse was fully renovated in 2014 and is configured as three expansive, well-designed duplex apartments.
The fully occupied property currently generates $252,000 in annual income, offering strong in-place cash flow with exceptional flexibility for owner-occupiers. Both the garden duplex with private backyard and the top-floor duplex with a large private terrace are ideal candidates for an owner to live in while continuing to collect significant monthly rent from the two remaining units.
Each residence features generous living and dining areas, oversized bedrooms, excellent closet space, modern kitchens, and multiple bathrooms. The building is fully sprinklered, separately metered, and tenants individually pay their own utilities. The full cellar houses all mechanicals and additional building infrastructure.
Perfectly positioned near nearly every major subway line-G, 2, 3, 4, 5, C, B, D, N, Q, and R-the connectivity is unmatched. Daily conveniences are equally close, including a Whole Foods just a few minutes away.
Configuration Overview
  • Garden Duplex: Large 2+bedroom, 2-bathroom with private backyard
  • Second & Third Floors: Large 3-bedroom, 2-bathroom duplex
  • Top Duplex: Spacious 2-bedroom, 2-bathroom with private terrace
  • Basement: Mechanical systems and shared laundry for Units 1 and 2
This is a rare opportunity to acquire a prime Fort Greene asset that delivers immediate income today with exceptional lifestyle and long-term upside built in.

Amenities

Sprinkler System; Garden; Roof Deck;
  • Terrace
  • Air Conditioning
  • Garden
  • Roof Deck

Neighborhood

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OLR IDX

RLS Data display by Nest Seekers LLC.

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.