276 East 23rd Street
$2,595,000
($627 per ft2)
| 6+ beds, 6+ baths | Approx. 4,140 ft2
51 days on Market
Key Details
-
Listed: Mar 19, 2024Days on Market: 51Building Type: TownhouseNeighborhood: Flatbush (Brooklyn)
Monthly Real Estate Taxes:
$1,431
Total Taxes & Fees:
$1,431
($0.35/ft2)
Est. Monthly Mortgage:
$14,148
Mortgage calculator
Total Est. Monthly Carrying Cost:
$15,579
($3.76/ft2)
Note: the above is based on a down payment of 20% ($519,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Spacious and Versatile Property: This large, over 4,000 square feet property offers 6+ bedrooms and 6+ bathrooms, making it perfect for large families or rental opportunities. The building is a mixed-use townhouse with both residential and commercial units, providing diverse income streams.
- Modern and Efficient: The building has been recently renovated with modern and tasteful finishes in all units. Each unit features central AC, recessed lighting, a video intercom, and tankless water heaters, ensuring comfort and convenience for all residents.
- Cost-Effective Ownership: The property offers low ownership utility costs as hot water and heating are paid by the tenants. Additionally, there's potential for extra income from a shared laundry facility in the cellar.
- Potential for Further Development: The property has an unfinished roof that can be converted into a common roof deck, offering potential for further development and increased property value.
- Prime Location: Located in the up-and-coming neighborhood of Flatbush, near the main retail area of Ditmas Park, this property offers a unique and charming living experience in a vibrant and convenient location.
- Financially Attractive: The seller's mortgage is assignable, with a current interest rate of 5.5% for the next 4.5 years. The building is a pre-war townhouse, adding historical charm and character, and each apartment includes a washer/dryer for added convenience.
Description
**Seller’s mortgage is assignable - current interest rate for the next 4.5 years is 5.5%**
276 East 23rd Street is a mixed-use building that was originally built in 1905 and recently re-imagined into a renovated income-producing property. This 20ft wide by 69ft long building offers five thoughtfully designed residential units and one commercial unit. The property is located in the changing neighborhood of Flatbush right near the main retail drag of Ditmas Park.
Each unit has been thoughtfully laid out to maximize income potential while still offering a comfortable home.
The kitchens are adorned with tasteful cabinetry, quartz countertops, and a honed tile backsplash. The windowed bathrooms are finished with large grey tiling, nickel fixtures, and a beautiful wood panel backdrop. All units feature central AC, recessed lighting, a video intercom, and tankless water heaters.
Hot water and heating are paid by the tenants keeping ownership utility costs extremely low. In the cellar, there is shared laundry that provides an additional source of income; as well as an area that can be converted into storage units for the tenants. The unfinished roof can be converted into a common roof deck.
The kitchens are adorned with tasteful cabinetry, quartz countertops, and a honed tile backsplash. The windowed bathrooms are finished with large grey tiling, nickel fixtures, and a beautiful wood panel backdrop. All units feature central AC, recessed lighting, a video intercom, and tankless water heaters.
Hot water and heating are paid by the tenants keeping ownership utility costs extremely low. In the cellar, there is shared laundry that provides an additional source of income; as well as an area that can be converted into storage units for the tenants. The unfinished roof can be converted into a common roof deck.
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Building Amenities
- Pre War
Listing courtesy of
Compass
Pricing History
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