Total Est. Monthly Carrying Cost:
$12,217 ($3.46/ft2)
Note: the above is based on a down payment of 20% ($460,000),
which is the minimum amount permitted by the building.
Description
This charming Southern-exposure 20-ft wide, 4-story + basement, 3-family brownstone welcomes you with a huge 2BR/2Ba owner triplex (currently partitioned as 4 BR) where you can regale guests in an endlessly flowing open living room / kitchen garden level with verdant backyard + open recreation room below. Or retire to spacious bedrooms on the parlor level. Rent out upper 2 units @ $5,500/month, all 3 @ $10-11K/month, or combine into a stately chateau; the possibilities are endless.
Best value in Bed Stuy: lowest cost free-market brownstone of its size allows for spacious living, conversion to 4 condos worth over $4 million, or renovation to net $200K+ NOI.
Similarly priced brownstones have only 3 stories or narrow lots that severely compromise space, utility, and opportunity.
Triplex updated 2004. Other units lightly updated 2017.
Hardwood floors throughout. Vaulted ceilings.
$108K rent roll/$91,428 NOI easily adjusts to $116-132K rent roll/$100-116K NOI with new triplex tenants.
Current rent roll (Excellent payment history): Triplex: $3,600 month-to-month 2-BR: $2,350 lease til January 3-BR: $3,050 month-to-month
3-BR delivered vacant or occupied.
2-BR delivered occupied. Triplex delivered occupied but can start vacate process before closing.
3-BR furniture, air conditioners, TVs included.
Temporary partitions in triplex easily removed to restore sun-drenched natural lighting. With partitions, the building formally appraised as 9BR, 4 Ba in 2016 @ $1.5 million.
Washer-dryer hookup.
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