70 Middagh Street

$8,495,000 | 20 beds, 11 baths

57 days on Market

Key Details

Listed: Sep 25, 2024

Days on Market: 57

Building Type: Cooperative

Neighborhood: Brooklyn Heights (Brooklyn)

Monthly Real Estate Taxes: $5,148

Est. Monthly Mortgage: $45,077

Total Est. Monthly Carrying Cost: $50,225

Note: the above is based on a down payment of 20% ($1,699,000), which is the minimum amount permitted by the building.

Insider Highlights

Renovated Building: The building, originally built in 1900, underwent a complete gut renovation in 2021, including new mechanical systems, redesigned common areas, new windows and doors, preserving its pre-war character and charm.
Luxurious Units: The property boasts 10 pristine rental units, each offering two bedrooms, one bathroom, and an in-unit washer/dryer, with luxurious finishes throughout.
Prime Location: This trophy investment property is located in the highly desirable Brooklyn Heights neighborhood, offering a rare opportunity to own a top-tier cash-flowing asset in prime Brooklyn Heights.
High-End Finishes: Each unit features high-end finishes, including Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms, adding to the overall luxury and appeal of the property.
Modern Kitchens: The kitchens in each unit are equipped with full-size stainless-steel appliances, including a dishwasher, enhancing the living experience for tenants.
Unique Features: The first floor includes a spacious duplex unit, adding to the diversity and attractiveness of the rental units in this historical building.

Description

Located in the heart of Brooklyn Heights, 70 Middagh Street is a trophy investment property consisting of 10 pristine rental units. The building underwent a complete gut renovation in 2021, featuring new mechanical systems, redesigned common areas, new windows and doors, and luxurious apartment finishes.

Each floor houses two units, with each unit offering two bedrooms, one bathroom, and an in-unit washer/dryer. The first floor includes a spacious duplex unit.

All apartments have been meticulously renovated with high-end finishes, including Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms. Kitchens are equipped with full-size stainless-steel appliances, including a dishwasher.

70 Middagh Street presents a rare opportunity to own a top-tier cash-flowing asset in prime Brooklyn Heights.

Please reach out for the full OM.

Listing courtesy of Serhant

Pricing History

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About 70 Middagh Street

Co-op
Built in 1900
11 Apartments
5 Floors

Building Amenities

Pre War

About this Building

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at Cadman Plaza West and Cranberry 0.11 miles

at Jay 0.29 miles

at Clinton and Montague 0.41 miles

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70 Middagh Street

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