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A blog from CityRealty (Links below will take you to the 6sqft site)

99 Butler Street

$4,499,000 -7.2% | 6+ beds, 5 baths

Key Details

  • Listed Sep 8, 2020
    Last Price Change -7.2% ($351,000) on Oct 5
    Building Type Townhouse
    Neighborhood Boerum Hill
  • Stories 3
    Year Built 1900

Description

99 Butler Street is an incredibly rare opportunity - live in a beautiful oversized Cobble Hill carriage house while collecting over $100,000 of income from the 3-unit townhouse included in the sale! The rear carriage house is a fully renovated three-bedroom, two-bathroom home and a three-unit rental property in front. This incredible property offers strong existing cash flow in a prime location, making it perfect for investors or live-with-income purchasers alike. The rear carriage house was designed and renovated by celebrated architect firm Baxt Ingui. A stunning glass, brick, and steel facade adorns this charming building, allowing light to flow seamlessly throughout.

Multiple skylights also allow light to pour in through the ceiling. Guests will be greeted by a completely private and gated garden, an incredible private outdoor oasis for entertainment. The open layout first floor has a spacious kitchen, dining area, living room, and full-bath.

Above, on the top floor, are three bedrooms with ample closet space and a full bathroom. In the full-height basement, there is a gracious recreation space with ample space for seating. The front building is configured as three floor-through, free-market apartments. They are each renovated, equipped with washer/dryer, and efficiently laid out.

The building also features a 3-zone heating system. All are currently rented, providing ample cash flow to support all operating expenses. 99 Butler is only steps from countless boutique shops, restaurants, and cafes along Smith Street, and conveniently located near the subway. Indeed, this property combines top-flight investment with luxury living.

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Estimated Monthly Cost

Area info for 99 Butler Street

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Subways

  1. F
  2. G
at Smith 0.15 miles
  1. A
  2. C
at Schermerhorn 0.44 miles

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Listing provided courtesy of Garfield, Leslie J. & Co., Inc.
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