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289 Herkimer St., Brooklyn, NY 11216

$1,650,000
Active Listing
Listing Details:
$1,650,000 Price
Single-Family Townhouse Property Type
Bed Stuy Neighborhood
8 Beds
5.5 Baths
2,400 Approx. Sq. Ft.
$233 RET
Key Features:
Prewar
Allows Pets
Rooftop Access
Unit Garden
Unit Laundry
Unit Terrace
Description:

Welcome to 289 Herkimer Street, a colonial brick townhouse in the heart of Bedford-Stuyvesant.

This recently renovated 4 story multifamily townhouse boasts 2,400 sq. ft. building with a large 20' x 100' lot, private outdoor space for the owner's duplex, and a large extra terrace for the top floor. The entire building has been upgraded with new kitchens, in unit laundry, heating, plumbing, electric, and is ready to sell as a great investment property or for owner occupation.

The property is currently a legal 2-family used as a 3 unit rental income investment property. Units are currently occupied and the annual rent roll is $88,600- current rent prices are covid prices. Two of the leases are month-by-month, and the other expires Jan. 2023. Possibility of delivering partially vacant.

Raising rent to market value can generate a potential projected annual rent roll to well over $110,000. A cosmetic design touch up can raise the potential income even higher.

Each unit pays its own heat/hot water independent of hot water heaters and boilers to keep owner expenses low, consisting of water, insurance and taxes only.

The current set up consists of a bi-level duplex with 4 beds, 2.5 baths with the entire private backyard ($3300). One floor above is a 3 bed, 2 bath ($2400). The top floor apartment is a 2 bedroom with a large private patio ($2100).

The location is fantastic and convenient, just one block from Atlantic Ave., and only a few streets to the subway. Located just one block away is the supermarket, and the building is also nearby to restaurants, bars, gyms, and much more.

Listing courtesy of Triplemint

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