PRIME PARK SLOPE TOWNHOUSE.
This 1891 Beaux Arts Brownstone with 3600 total sq.ft. is teeming with charm, potential, and inherent style on a gorgeous tree lined block close to Prospect Park. Originally a 3 family, this property boasts 2,800 sq.ft over 4 floors plus an additional 800 sq.ft cellar. The building currently serves as a two family with two gorgeous duplex apartments.
Lower Duplex
The garden floor of the lower duplex has a brand new, big center kitchen (renovated in 2019) set between the living room and the dining room, creating a fluid living space for easy access to the 1000sf bucolic backyard and flexibility for a 3rd bedroom. French doors from the dining room open to the huge deck and sun filled garden. Fantastic light, high ceilings, and a full bathroom complete the first floor. The second level of the garden duplex is the building's parlor level, boasting two huge master size bedrooms, one with an en-suite master bath as well as sprawling ceilings and original detail. The apartment also includes the 800sf cellar complete with washer and dryer, tons of storage space, and the ability to be finished for a rec room.
Upper Duplex
The upper duplex features a private entry foyer with potential to be the perfect rental apartment to offset your monthlies. Fully renovated, this wonderful apartment features a new loft style kitchen (renovated in 2018), second bedroom, and a sprawling living area looking out over 8th street from bay windows. A top floor atelier bedroom beams with Parisian style and a skylight. Lastly, one full bath, and an extraordinary renovated roof deck with solar lighting completes this stunning apartment.
The entire house from top to bottom is flooded with incredible southern light and features original honey toned 8 inch wide plank floors, moldings, exposed brick walls, and decorative mantles. There is also approx. 1200sf of additional FAR (floor area ratio) if you want to expand. and super low taxes of ~$6400/yr. Other perks include convenient access to the F, G, D, N, R & W subway lines and fantastic restaurants. You are just 1/2 block to P.S. 39 and the YMCA, as well as so much more on 5th Ave!
Delivered vacant but with a solid rental history of $10,500 per month for the two apartments ($6250 and $4250), investors can enjoy a fantastic 4.86% cap rate. Alternatively, primary residents can offset their mortgage by renting the upper floor and own your very own townhouse for a net monthly cost (mortgage and taxes) of only ~$6200! Alternatively, for those looking for a single family residence, the upper and lower duplexes could be combined into one magnificent property.
