Open House
Sun Apr 19, 12:00pm - 2:00pm
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Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,270 sqft
Price per Sqft $1,376
Subdivision Park Slope
MLS Listing ID RLS20083164
Bedrooms 7
Full Baths 5
HOA Y/N Yes
Year Built 1920
Annual Tax Amount $15,408
Property Sub-Type Multi Family
Property Description
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.
Location
State NY
County Kings
Rooms
Basement Full
Interior
Interior Features Crown Molding, High Ceilings
Cooling Other
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Decorative
Furnishings Unfurnished
Fireplace Yes
Laundry In Unit, See Remarks
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family
Story 3
New Construction No
Others
Tax ID 01092-0009
Ownership None
Monthly Total Fees $1, 284
Pets Allowed Building No, No
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716