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… Read More 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. Read Less
Listing Courtesy of: Kellen Koon, Compass
Listing Snapshot
Days Online
16
Last Updated
Property Type
MultiFamily
Beds
7
Full Baths
5
Square Ft.
3,270
Year Built
1920
MLS Number
RLS20083164
30 Days Snapshot Of 11215
$1.90M
-5%
(avg) sold price
19
-20%
homes sold
Snapshot
Area Map
Additional Details
Basement
Basement YN: t
Building
Entry Level: 1, Living Area Units: SquareFeet, Rooms Total: 11, Structure Type: MultiFamily
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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