Description

FANTASTIC LEGAL 5 INVESTMENT PROPERTY IN HOT SOUTH BED-STUY3 Spencer Place is a 5 story brownstone 20 X 45 on an 80' lot with period details, a new facade, new custom Marvin windows, a new water main, and a new boiler. The top three 2 BRS are renovated and rented below market rate with leases until 2020 and 2021. Parlor and garden floors are vacant 1 BRs that need work and can rent at market rates. Market rents are in demand close to the train and shops and would bring this investment to a 5+ CAP. You will see that many of the brownstones in this area are also converting to condos.Spencer Pl is a small, one-way street from Hancock to Fulton that lies between Franklin and Bedford Aves. Around the corner from the C train where you grab a coffee at the Daily Press or a cocktail at Glorietta Baldy.2 scheduled showings per week only as per tenant request email for set-up
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$2,500,000

Listed on Sep 29, 2019

19 Days on Market

- Beds / - Baths / - ft²

Total Monthly expenses: $584

Maintenance: - / R.E. Taxes $584

Other Details:

Multi Family (4-6 Family)

Lot Size: 20.0' x 80.0' Built: 20.0' x 45.0'

Zoning: C2-3

Open House

Sun Oct 20, 12:30 PM - 1:30 PM

Exclusively listed with: The Corcoran Group

Carolyn Romberg

carolyn.romberg@corcoran.com

(212) 500-7069

Listing Courtesy of The Corcoran Group View Listing

Unit listing history

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