Description

**Asking only $505/foot - 6% cap rate with over $155k in annual net income on this 2019 renovated 4-unit multifamily investment property in Western Crown Heights!!**The building is vacant with market-rate rentals. This property just underwent an extensive renovation down to the studs and has all new roof, electrical, plumbing, central heat/air, etc. All units have central air, washer/dryer units, individual hot water heaters and are individually metered for gas. The property has video intercom on each floor and Ring security system. The units have hardwood floor and open kitchens with grey shaker style cabinetry with black pulls, white subway tile backsplash, white Caesarstone countertops and stainless-steel GE profile appliances.- Garden duplex - The garden duplex is a 2-bed / Convertible 3-bed with 2.5 bathrooms, internal staircase leading to a recreation room and private outdoor space. The outdoor space is perfect for pet lovers and for entertaining. The recreation room makes for a perfect office, music studio or guest bedroom.- 1st Floor - 10.5 foot ceilings, a terrace off of the bedrooms and an external staircase that leads down to a private yard, the parlor floor is truly a show-stopper! This unit is a 2-bed, Convertible 3-bed with 2-bathrooms. The open layout makes for the perfect space for entertaining either indoors or outdoors!- 2nd Floor - Excellent 2-bed / Convertible 3-bed with 2 full bathrooms. This unit has an exceptional open layout.- 3rd Floor - Similar to the 2nd floor unit, this is a well laid out 2-bed / Convertible 3-bed with 2 full bathrooms.A bulkhead was added to the building that leads to the roof with skyline views and a gated perimeter. 1385 is an excellent opportunity in one of Brooklyns hottest up and coming neighborhoods. Fantastic Crown Heights location moments from Brower Park and the Brooklyn Childrens Museum, and three blocks to the A/C train, two blocks to LIRR and only a few short blocks to the 2, 3 and 4 trains. Located in the heart of a neighborhood that has quickly evolved into one of Brooklyns most dynamic, vibrant and exciting districts. The building is moments away from great cafes, shops and restaurants including: King Tai, Boeuf & Bun, Two Saints, Basil Pizza and Wine Bar, Lula's Bagel, Colina Cuervo BAKERIE, Cocoa Grinder, Super Foodtown, Restoration Plaza and much more.
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$2,650,000

Listed on Apr 12, 2019

193 Days on Market

- Beds / - Baths / - ft²

Total Monthly expenses: $297

Maintenance: - / R.E. Taxes $297

Other Details:

Two Family

Lot Size: 19.67' x 95.0' Built: 19.67' x 42.0'

Zoning: B1-9

Exclusively listed with: The Corcoran Group

Shakti C'Ganti

scg@corcoran.com

(212) 444-7873

Luke
Parikh

luke.parikh@corcoran.com

(201) 486-1132

Listing Courtesy of The Corcoran Group View Listing

Unit listing history

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