Property
| Ownership: | Multi-Family |
|---|---|
| Rooms: | 11 |
| Bedrooms: | Studio |
Open Houses
Contact for details !
Financials
Price:$4,500,000
Listing Courtesy of Compass
DELIVERED VACANT ! 4 STORY BROWNSTONE ORIGINAL DETAILS A rare 3, 270 SF canvas in one of Brooklyn's most desirable and resilient markets.
Description
DELIVERED VACANT! | 4-STORY BROWNSTONE | ORIGINAL DETAILS
A rare ~3,270 SF canvas in one of Brooklyn's most desirable and resilient markets. Whether you envision a sprawling single-family masterpiece or an expansive owner's triplex with premium rental income, this charming brownstone offers endless potential.
THE FINANCIAL ADVANTAGE
* Massive Income Potential: The top two floors are newly renovated and project $10,000/month ($120,000/year) in rental income.
* Subsidize Your Lifestyle: This income effectively cuts carrying costs in half, making a premium Park Slope purchase highly attainable.
* Investor Ready: Also functions perfectly as a turnkey investment property, offered at a 4.5% Cap Rate.
PROPERTY HIGHLIGHTS
* Size: ~3,270 Sq. Ft. across 4 full stories, plus a cellar.
* Modern Upgrades: Split-unit central AC/heat and in-unit washer/dryers in all units.
* Historic Charm: Classic bay window, 5 beautiful marble fireplaces, original hardwood floors, and ornate moldings with ceiling medallions.
CURRENT CONFIGURATION
* Cellar: Unfinished (Incredible potential for a rec room, home theater, or gym)
* 1st Floor (Garden Level): 3 Bed / 2 Bath (Duplexed with the rear of the parlor floor)
* 2nd Floor (Parlor Level): Front Studio / Rear is duplexed with the garden level
* 3rd Floor: 2 Bed / 1 Bath - Newly Renovated (Projected $5,000/mo)
* 4th Floor: 2 Bed / 1 Bath - Newly Renovated (Projected $5,000/mo)
PROPOSED USAGE
* Owner's Triplex: Combine the Cellar, 1st Floor, and 2nd Floor into a massive custom home.
* Rentals: Retain the turnkey 3rd and 4th floors for $120,000/year in gross rental income.
LOCATION & TRANSPORTATION
* Just two blocks from iconic Prospect Park. Enjoy weekend farmers' markets, endless green space, and the vibrant dining and boutique scenes along 5th Ave, 7th Ave, and 9th Street.
* F/G Lines: Steps away at the 7th Ave Station for an effortless commute.
* F/G/R Lines: A short walk to the 4th Ave-9th St Station.
* 2/3 Lines: Easily accessible at Grand Army Plaza.
Amenities
- Basement
Neighborhood
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RLS Data display by Nest Seekers LLC.
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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.