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Single Family House for Sale in Brooklyn, New York, Brooklyn, NY 11221 | Web ID: 850218 | $1,949,000

 
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Property Description

Big Updated 3 Family Building With Finished Basement In Bushwick, Close To Subway, With Great Income Great Opportunity For Both Investors/owner- Occupied Alike: Located In The Vibrant Neighborhood Of Bushwick, Bordering Bedford-stuyvesant, Within A Short Walk To The Gates Subway Station, And Saratoga Park. The Property Is Surrounded By Numerous Bars, Restaurants, Cafes, Art Stores, Gyms, Pharmacies And Many Other Amenities Including A Post Office, And An Organic Fresh Market Which Recently Opened Juat Around The Corner. This Big 18.75/50 Building Of About 3, 750 Sq Ft, Is A Legal 3 Family House, 3 Story High, With An Additional Finished Walk-in Basement, And A Nice Backyard. Each Of The Top 2 Floors Contains A 3 Bedroom/1.5 Bathroom Apartment. The First Floor Contains A 2 Bedroom/1.5 Bathroom Garden Apartment That Has Private Access To The Backyard And Its Beautiful Deck. With Minimal Modification, Combining The First Floor With The Walk-in Basement Can Create An Attractive 4 Bedroom/2.5 Bathroom Duplex Apartment, Great For Owner Occupant Or Increasing The Income. This Turn Of A Century Townhouse Retains Its Classic Charm Although Been Updated And In Excellent Shape. The Building Has High Ceilings With Crown Molding, Abundant Natural Light Throughout, And Exposed Brick. Each Of The 3 Units Has 1.5 Bathrooms, Washer/dryer Hookup, Quartz Countertops, Solid Wood White Shaker Cabinetry, Hardwood Floors, And Stainless-steel Appliances Including A Dishwasher & Over-the-stove Microwave. Each Apartment Also Has Its Own Separate Gas Heat & Hot Water, And Electric & Gas Meters. The Walk-in Basement Is Fully Finished, And Has Both An Interior & Street Access, And A Second Exit To The Backyard. The Building Carries Low Maintenance Cost With Low Property Tax, And Is Very Well Maintained, Including Recently Replaced Hot Water Heater & Bosch Dishwashers, Keeping The Wonderful Long-term Tenants Happy, With Very Few Turnovers. The Current Income From The 3 Units Is $9, 500 A Month, But Easily Can Go Up To $11, 000-12, 000, Bringing The Cap Rate Up To 6%, Great For 1031 Exchange.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Single Family House for Sale
Style Colonial
Tax $5,050.00
Bedrooms 8
Total Rooms 19
Total Baths 7
Full Baths 4
3/4 Baths 3
Year Built 1901
Basement Finished, Full
Construction Frame
Lot Size 18.75/90
Lot SqFt 1,688
Cooling None
Heat Source Natural Gas
Util Incl Cable Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Condition Updated/Remodeled
Days On Market 54
Window Features Double Pane Windows
Tax Assessed Value 81240
School District Brooklyn 32
Middle School Is 349 Math, Science & Techno
Elementary School Ps 106 Edward Everett Hale
High School Bushwick Leaders High School F
Features First floor bedroom, first floor full bath, crown molding, high ceilings, kitchen island, open floorplan, open kitchen, quartz/quartzite counters, recessed lighting, storage, washer/dryer hookup
Listing information courtesy of: Massada Realty Inc

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Cell: 347-219-2037
Fax: 718-896-7020

 

 

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