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
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Property Details
- Multi Family
Amenities
- Cooling: Other
- Crown Molding, High Ceilings
- Pets: Building No, No
- Private Outdoor Space Over60 Sqft
The Neighborhood
Park Slope, with its tree-lined streets and immaculate brownstones, has a small-town feel and social cohesion that’s unusual in the city.
It’s a place where activities for children are unending, shopkeepers know their customers and people stop in the street to chat. Even as the park-side homes are buffed to a high polish, the area still offers a variety of experience: There are scores of restaurants and bars; a diverse retail sector; multiple Farmer’s Markets, including Grand Army Plaza’s; and Prospect Park with its fantastic bandshell, baseball fields, zoo, botanic ... read more
