Belvedere XLVI, 184 Frost Street, #4

Looking for great inventory, but not seeing anything special out there? This is it! While everyone else is away for July 4th, capitalize on this rare opportunity. Enter this this massive 2 bedroom (easily convert to 3 beds), floor through apartment from an elevator that opens directly into the apartment.

Take in views of the Manhattan skyline from one of it’s two sizable terraces. The other terrace, off of the primary bedroom, faces south, and bathed in sun. The apartment has real recessed central air (no ptacs), central sound system in each room, in unit washer dryer, plus a sizable separate storage in the basement.

With some of the lowest carring costs around (tax abatement until 2038), this apartment is an exceptional investment, located right in New York City’s most exciting neighborhood of Williamsburg. McCarren Park is just 5 blocks away! This is also an exceptional 1031 opportunity. There is a tenant in place until April 1st 2023 at a below market rent.

The current market rate rent for a unit like this is in the $6150 - $6250 per month range. Looking to move in and have a rate lock expiration situation? You can close asap, collect rent from the current tenant and the seller will transfer the tenants deposit to you, then you can move in April 1st 2023 after the current tenant’s lease expires.

There is a tax abatement in place until 2038, along with extra low common charges keep the carrying charges at only 40 cents per foot. At 1258 square feet, this is one of the largest 2 bedrooms on the market. The extra-large great room is so large, that a windowed, 3rd bedroom with Manhattan views could be created out of it.

Even after conversion, living room would still feature Manhattan views and direct access to the terrace. It is possible for a third bedroom to be created and still provide an open living concept with separate dining, living area, and open kitchen with breakfast bar. There is a fully loaded open kitchen with breakfast bar, dishwasher and wine cooler. The master suite features a king sized bedroom, walk in closet and sizable terrace and bathed in a lovely southern light.

The private bathroom features an extra large double vanity with deep storage, and a walk in shower. The second bedroom is large, south facing, fits a queen sized bed and located just down the hall from the second bathroom (with tub). Separate storage is 20 sqft Just 5 blocks to the Graham Av L train. 4 blocks to McCarren Park and Pool. Neighborhood favorites include Lilia, The Richardson, Pheasant, Tom and Joan’s, Concord Hill and the list goes on and on.

All content above are visible to screen reader users, so you may ignore the show more button below.

Show more