This 3 family townhouse is an amazing opportunity to own a piece of one of Brooklyn’s fastest growing neighborhoods. Originally constructed in 1899, this newly renovated home features high-end finishes, modern technology and original details. The building is 18 feet wide and sits on an 18×85 lot with a large rear yard accessed from the garden apartment. Each unit has 2 bedrooms and 1 bathroom, separate heating systems and hot water tanks. All windows on the house have been replaced, all brand new.
In addition, the owners added solar panels and have realized enormous savings to their electric bills, which will be enjoyed by the new owners.
This three-family house can generate rental income of approximately $9000.00 per month, equaling a 5.5% cap rate.
Bed-Stuy has seen tremendous growth and has established itself as a go-to mecca for artists and entrepreneurs. This vibrant neighborhood offers amazing amenities such as cafes, restaurants, shopping, and gourmet bakeries, all within a stone’s throw away.
There is an additional 1350 square feet of unused FAR that can be built. Consider the possibility of another floor added to this multi-family. Bring your architect and present your offers. Schedule your viewing today. Easy to show. Motivated sellers.