Description
Introducing The Yarn Factory, a rare four building project composed of 16spacious fair-market condominiums.That are non-sponsor owned condounits.
Several converging factors make this opportunity an attractive option for those seeking tosupplement their portfolio witha boutique investment propertywith solid fundamentals andhigh upside.
READY TO UPGRADE:
Sixteen condominiums; Including 8 units that are loft style duplexesand triplexes range f rom 1,300 to1 ,700 square feet and have been wellmaintained since being constructedin 2003. Exteriors are marked byrich brown brick fa ades, whileinteriors feature hardwood floors,sash windows, and open-planlayouts. Buildings also have privateoutdoor space and shared laundry
facilities. Further modernizations will incur minimal renovation costs beyond light cosmetic enhancements.
COMPLETED CONDO CONVERSION:
The Yarn Factory offers significant savings compared to undertakinga ground-up condo development.Investors can use the resources andtime they would have put into theconversion process to make simpledesign changes and create luxurycondos catering to market preferences and tastes.Don't miss your chance to acquirethis rare, fully converted condoportfolio
Contact us today to learn more about this unique investment opportunity.
Listing courtesy of Serhant ...More
Property Details
- Townhouse
Amenities
- Cooling: Wall Units
- Pets: Unit No
- View: Other
The Neighborhood
Clinton Hill is an historic, central Brooklyn neighborhood celebrated for diversity.
Its under-the-radar vibe appeals to people looking for a place to live, not a place to party. The tree-lined streets are wide with lots of sky, and magnificent mansions remain from when it was an enclave for the super-rich in the mid-nineteenth century. The rest of the architecture is a mix of wood-frame houses predating the Civil War, carriage houses, brownstones, midrise apartment bui ... read more
