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841 Greene Avenue

Listing no longer available on CityRealty as of Aug 18, 2022
It previously was on the market for a total of 114 days.
114 days on Market

Pricing History

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Key Details

  • Listed: Apr 26, 2022
    Last Price Change: +40.2% ($659,999) on Aug 16
    Days on Market: 114
    Building Type: Townhouse
    Neighborhood: Bedford-Stuyvesant (Brooklyn)
    Listing viewed 310 times
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $11,425 ($3.24/ft2)
Note: the above is based on a down payment of 20% ($460,000), which is the minimum amount permitted by the building.

Description

This charming Southern-exposure 20-ft wide, 4-story + basement, 3-family brownstone welcomes you with a huge 2BR/2Ba owner triplex (currently partitioned as 4 BR) where you can regale guests in an endlessly flowing open living room / kitchen garden level with verdant backyard + open recreation room below. Or retire to spacious bedrooms on the parlor level. Rent out upper 2 units @ $5,500/month, all 3 @ $10-11K/month, or combine into a stately chateau; the possibilities are endless.

Best value in Bed Stuy: lowest cost free-market brownstone of its size allows for spacious living, conversion to 4 condos worth over $4 million, or renovation to net $200K+ NOI.

Similarly priced brownstones have only 3 stories or narrow lots that severely compromise space, utility, and opportunity.

Triplex updated 2004. Other units lightly updated 2017.

Hardwood floors throughout. Vaulted ceilings.

$108K rent roll/$91,428 NOI easily adjusts to $116-132K rent roll/$100-116K NOI with new triplex tenants.

Current rent roll (Excellent payment history):
Triplex: $3,600 month-to-month
2-BR: $2,350 lease til January
3-BR: $3,050 month-to-month

3-BR delivered vacant or occupied.

2-BR delivered occupied. Triplex delivered occupied but can start vacate process before closing.

3-BR furniture, air conditioners, TVs included.

Temporary partitions in triplex easily removed to restore sun-drenched natural lighting. With partitions, the building formally appraised as 9BR, 4 Ba in 2016 @ $1.5 million.

Washer-dryer hookup.

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Building Amenities

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