Note: the above is based on a down payment of 20% ($280,000),
which is the minimum amount permitted by the building.
Description
1161 Halsey is a two family 20 ft wide 55ft long brick house in Bushwick. With a high income producing rental in place and an impeccable high-end renovation by the current owner, this property is a must see. All the kitchens and bathrooms throughout the home were updated in 2015.
The entire plumbing and electrical systems were replaced in 2015 a new water heater was installed In 2016 and the roof is new as of January 2018.
The property could function as a high-income rental property with a 5.3% cap rate as is or a perfect income generating home.
DUPLEX:
The owners three bedroom garden duplex with a garden has an open plan lower floor containing a large living room, dining room, and kitchen.
The kitchen is bright and spacious and has a Samsung cooker, a Samsung microwave, dishwasher, and a large stainless steel sink. The kitchen cabinetry is by Cavalli Cabinets and the kitchen also has additional substantial shelving and storage. To one side of the kitchen counter is a dining room.
The living room is contiguous with the kitchen and dining area and affords ample space for relaxing.
There is also a small corner office on this floor perfect for a laptop. Featured throughout the house are large plank oak floors, new radiators, A/C via a split system, two storage closets, and soffit lighting.
The second floor contains three bedrooms a reading room, bathroom, and washer dryer. The master suite is bright, spacious and newly finished with wide plank oak flooring and faces the back of the property.
It has its own bathroom and a spacious walk-in closet.
The second bedroom which has been extended out another 19 foot again has oak plank flooring is facing the garden and has a second section that functions as a study/office making this bedroom perfect for guests.
The third bedroom faces the street and has a three section north-west facing a bowed window. The second bathroom in the hallway has been newly renovated.
The washer dryer is also this floor in a closed off closet.
RENTAL :
The recently renovated four-bedroom one bathroom rental apartment on the third floor enjoys the same standard as the rest of the house.
Configured with an open plan kitchen with a skylight and dining room in the middle of the floor with two large bedrooms at the street and garden end of the building.
Garden:
The garden has a Pergola with finished pine decking and matching seating and storage.
There is also a shed for storing gardening tools at the back end of the garden. Artificial grass covers by IT'S NOT GRASS the central area of the garden, and the fencing is pine. There is also a BBQ area to one side of the garden.
Public Transport :
Wilson Street L train 6 min walk
Halsey Street J Train 9 mins
B26 Bus servicing Bedford-Stuyvesant, Clinton Hill, Ft Greene, and downtown Brooklyn.
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