104 President Street, an 8-Unit brick building in the Columbia Street Waterfront District/Carroll Gardens area is a savvy investors dream chock full of value-add opportunities! Take advantage of this extremely rarely available investment property on the market for only the second time in over 50 years! With condominiums in the area demanding in the upwards of $1500 per square foot, 104 President can potentially be your next condo-conversion project , the perfect building to create your dream 25-foot-wide, income-producing townhouse with owners duplex or triplex, or simply do some light renovations to increase the current rent-roll. The options are virtually endless!
Situated on a tree-lined, sunny block, 104 President is 6000 square feet of residential space (not counting the basement), 25ft X 60ft on a 25ft X 100ft lot, 4 floors plus a large basement. The backyard area measures 25ft X 40ft! Zoned R6B. Surrounded by several community parks and gardens, tasty restaurants, and many other conveniences, the Columbia Street Waterfront remains one of the most coveted areas in Brooklyn. A stones throw from Red Hook in one direction, Brooklyn Bridge Park in the other, and Cobble Hill/Carroll Gardens in the other! A truly special neighborhood.
104 President Street consists of 6 free-market apartments and 2 rent-stabilized apartments. Five 1 bedroom/1bathroom, 4 room floor-through units (2 of which are RS) and three 2 bedroom/2 bathroom + den floor-through units (all free-market). At least Three free-market units will be delivered vacant including the Two units on the parlor floor and one on the second floor.
Please inquire via email/text/phone for additional information including rent-roll, expenses, etc. and more!