Tucked away on tree-lined Prospect Place just five blocks from Prospect Park, this beautiful tri-level three-family brick townhouse on an extra-deep 131’ lot boasts abundant sunlight, high ceilings, hardwood floors and exposed brick accents, and offers nearly 2100+ SF of buildable FAR awaiting your creative vision. The home is currently configured with three income-producing floor-through units; the 1st floor is an open-concept 1BR with expansive backyard, the 2nd and 3rd floors each consist of a 1BR + office/den/nursery.
At the well-lit parlor level, you are welcomed by a spacious, renovated front windowed bedroom with access from the hallway as well as the comfortable living room. Continue to the exposed brick-clad open chef’s kitchen overlooking the calming garden and boasting a large breakfast bar, stainless steel appliances including a dishwasher, and all the counter and cabinet space you need to cook up your finest creations. A glass door off the kitchen leads to a private backyard where you can build your summer oasis and entertain with ease. The level is completed by a renovated bathroom with stylish subway tile and exposed brick.
Each upper-level unit features a living room and bedroom with a decorative fireplace mantel and French doors that allow light to filter through. A second smaller bedroom makes for a great nursery, home office or oversized closet fit for a couture enthusiast. To the rear, an open kitchen illuminated by two windows and an adjoining renovated bathroom complete each floor plan.
Downstairs the basement is equipped with multiple storage closets and a laundry room with utility sink. The home can be delivered vacant as current tenants rent on a month-to-month basis.
Nestled on a charming Prospect Heights block, the home is adjacent to James Forten Playground and a short walk to the 2/3/4 at Grand Army Plaza and the Q/B at 7th Avenue. Make the most of the location—near Prospect Park, Brooklyn Museum, the main branch of Brooklyn Public Library, Brooklyn Botanic Garden, the weekend Greenmarket, and the array of restaurants, boutiques, grocery stores and fitness centers that line the surrounding streets. Parking and Zipcar rentals available at the nearby Richard Meier building. A location as delightful as the home itself!
Projected annual rent roll: Unit 1: $36,000; Unit 2: $30,000; Unit 3: $30,000
Projected cap rate = 4.2%