Description

A Rare find located on a gorgeous tree lined street with fantastic curb appeal. This attached three-family building is an ideal opportunity to acquire a beautifully renovated property in the heart of ultra-desirable Park Slope. This handsome brick building is the perfect investment opportunity or 1031 Exchange with great rental income.

Tall ceilings, northern and southern exposures create a bright and airy ambiance in each floor-through the home. Enjoy updated kitchens and bathrooms with stainless steel appliances and granite counter-tops throughout.

The parlor level unit boasts plenty of sun light, and is currently configured as a very large one bedroom. Enjoy cooking in an open chef’s style kitchen equipped with stainless steel appliances. Right across the kitchen conveniently lies a spacious dining room area. The large living room provides a lovely charm with its exposed brick and hardwood floors, which leads into a king size bedroom. Off the Dining room is the entrance to the private and finished deck & backyard, a perfect space for entertaining! The parlor floor can potentially be made into an owner’s duplex by utilizing the grand finished basement.

The basement has its own separate entrance, and was completely renovated with tile flooring, half a bath, and electric work. The basement could be utilized in many different ways including a recreational room, office space, gym, living room, or storage area. Additionally it has a washer/dryer, and an entrance to the backyard.

The second and third floors are both floor through and offer the identical foot print to one another. The second and third floor boasts of two spacious bedrooms, a full bath, and a living / dining room space. The main bedroom has an additional room attached (6.5ft x 7.4ft) that can be converted into a nursery, an office space or a WIC.

Conveniently located near legendary Park Slope shopping, dining and nightlife destinations on 5th and 7th Avenues. One block north, Washington Park offers a playground, dog park, skatepark, a farmers’ market and The Old Stone House. Four blocks east, sprawling Prospect Park features endless trails, verdant open space and access to the Brooklyn Museum, Botanic Garden and Library. Transportation is effortless with F, G, R, Q, B & 2/3 trains, excellent bus service, and CitiBikes nearby.

Building Info:
Lot size: 20 feet x 100 feet
Building size: 18 feet x 45 feet
Maximum FAR allowed: 2
FAR as built: 1.39
Unused FAR: 1,220 square feet
Rent Roll from all 3 units: ~$163K
Income unit 1: 1 Bed/ 1 Bath + private backyard ~ $4,775
Income unit 2: 2 Bed/ 1 Bath ~ $4,395
Income unit 3: 2 Bed/ 1 Bath ~ $4,495
Current Cap Rate: ~4.6%

Listing courtesy of Compass ...
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