PRIME PARK SLOPE TOWNHOUSE - This 1891 Beaux Arts Brownstone with 3600 total sq.ft. is teeming with charm, potential, and inherent style on a gorgeous tree lined block close to Prospect Park.
Originally a 3 family, this property boasts 2800 sq.ft over 4 floors plus an additional 800 sq.ft cellar. The building currently serves as a two family with two gorgeous duplex apartments.
The garden floor of the lower duplex has a big center kitchen set between the living room and the dining room, creating a fluid living space for easy access to the bucolic backyard and flexibility for a 3rd bedroom. French doors from the dining room open to the huge deck and sun filled garden. Fantastic light, high ceilings and a full bathroom complete the first floor. The second level of the garden duplex is the building's parlor level boasting two huge master size bedrooms, one with an en-suite master bath as well as sprawling ceilings and original detail The apartment also includes the 800sf cellar complete with washer and dryer and tons of storage space.
The upper duplex features a private entry foyer with potential to be the perfect rental apartment to offset your monthlies. Fully renovated, this wonderful apartment features a new loft style kitchen, large dining area (easily converts to a second bedroom), and a sprawling living area looking out over 8th street from bay windows. A top floor atelier bedroom beams with Parisian style and a skylight. Lastly, one full bath, and an extraordinary roof deck completes this stunning apartment.
The entire house from top to bottom is flooded with incredible southern light and features original honey toned 8 inch wide plank floors, moldings, exposed brick walls, and decorative mantles. Other perks include convenient access to the F, G, D, N, R & W subway lines and fantastic restaurants. You are just 1/2 block to P.S. 39 and the YMCA as well as so much more on 5th Ave!
Delivered vacant but with an estimated rent of $9500 per month for the two apartments ($5250 and $4250), investors can enjoy a fantastic 4.3% cap rate! Alternatively, for those looking for a single family residence, the upper and lower duplexes could be combined into one magnificent property.