IN CONTRACT

At the intersection of Gowanus and Park Slope, this sprawling, meticulously renovated 8BR/7BA three-family brick townhouse blends handsome original old-world detail with chic contemporary upgrades and can be rented out to generate income or reimagined into the home of your dreams. The beautifully proportioned 20' x 56' residence is set on a 20' x 90' lot and features approximately 3360SF in addition to a spectacular finished basement.

Renovated in 2014 and kept in pristine condition, the stylish home boasts high ceilings, 4-inch oak flooring, restored original woodwork throughout, luxurious period-appropriate light fixtures, a highly efficient Alpine Burnham heating system—which heats entire house at a low cost—updated electric, repointed facade and custom cabinetry with reclaimed wood sourced from the house itself.

Enter through the stunning owner's 2BR/3BA duplex with over 2000SF of usable space, including a 33' modern garden oasis with privacy fence, and central A/C. You are welcomed by a dual-windowed, sun-kissed living and dining room with decorative mantel. Continue to the sparkling, well-appointed kitchen brightened by a skylight and featuring Bosch and Thermador appliances including a dishwasher, as well as sleek stone counters, ample cabinet space, and a breakfast bar ideal for morning coffee or light meals.

The parlor level is completed by two spacious bedrooms with comfortable closet space, two polished renovated bathrooms and a backyard garden, the perfect spot for summertime cookouts and exercising your green thumb. The owner's duplex extends to the lower level where the basement with third bathroom could be used as an entertainment den, playroom or work-from-home space, and exhibits polished concrete floors, striking custom woodwork, abundant storage, a laundry room and separate street entrance.

Upstairs, the second and third floors of the townhome are appointed with sunny, inviting 3BR/2BA floor-through rental units each boasting a windowed renovated kitchen with plentiful storage, tastefully updated bathroom, washer and dryer, high-end finishes and original pre-war details.

Conveniently located 500 feet from the F/G/R trains, six blocks from Whole Foods, a 10-minute walk to JJ Byrne Playground, a 20-minute walk to bucolic Prospect Park, and surrounded by shopping, dining and service amenities galore in both Gowanus and Park Slope. A wonderful opportunity to own a splendid income-generating property in the heart of Brooklyn.

Projected annual rent roll:
$78,000 for unit 1
$60,000 for unit 2
$60,000 for unit 3

Exceptional cap rate = north of 5%!