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$2,999,000
Est. payment /mo
8 Beds
8 Baths
5,600 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $535
MLS Listing ID 498045
Style Other
Bedrooms 8
Full Baths 8
Year Built 2019
Annual Tax Amount $500
Property Sub-Type Multi-Family
Property Description
1709 Park Place offers a wonderful opportunity for a savvy investor looking for a hassle-free investment with great rental return already in place. Start collecting great income from day 1!
It's all about the LOCATION LOCTION, this 5 years young newly constructed building is located in one of Brooklyn's most sought-after neighborhoods of historic Crown Heights. 4 floors Plus a full finished basement. Each floor holds 2 apartments. Each apartment has a nice open floor plan with 1 spacious bedroom, 1 full bathroom, ample storage closets, kitchen with stainless steel appliances and granite counter tops, beautiful hardwood floors and high-end fixtures. Come outside, the extra deep back garden
is a rare find, made possible by the 127- foot lot. The building also has a basement with a laundry room for comfort.
All 8 apartments are currently producing high rental income; all tenants are paying their own heat and electric. Great location- minutes from Lincoln Terrace Park, vibrant President Street, Eastern Parkway, Beautiful Shopping, coffee shops, boutiques, The children's museum, The A/C 2/3/4 &5 subway lines and so much more.
The owner has minimal expenses for the building with another 25 years left of TAX ABATEMENT.
Gross yearly rental income is $199,803.
It's all about the LOCATION LOCTION, this 5 years young newly constructed building is located in one of Brooklyn's most sought-after neighborhoods of historic Crown Heights. 4 floors Plus a full finished basement. Each floor holds 2 apartments. Each apartment has a nice open floor plan with 1 spacious bedroom, 1 full bathroom, ample storage closets, kitchen with stainless steel appliances and granite counter tops, beautiful hardwood floors and high-end fixtures. Come outside, the extra deep back garden
is a rare find, made possible by the 127- foot lot. The building also has a basement with a laundry room for comfort.
All 8 apartments are currently producing high rental income; all tenants are paying their own heat and electric. Great location- minutes from Lincoln Terrace Park, vibrant President Street, Eastern Parkway, Beautiful Shopping, coffee shops, boutiques, The children's museum, The A/C 2/3/4 &5 subway lines and so much more.
The owner has minimal expenses for the building with another 25 years left of TAX ABATEMENT.
Gross yearly rental income is $199,803.
Location
State NY
County Kings (brooklyn)
Area Crown Heights
Zoning R6
Rooms
Basement Finished, Full
Interior
Hot Water Electric
Heating Electric
Flooring Hardwood, Tile
Heat Source Electric
Exterior
Exterior Feature Brick
Amenities Available Storage rooms
Roof Type Flat
Handicap Access No
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Electric
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Talk of the Town Realty Corp.
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716