Total Est. Monthly Carrying Cost:
$12,103 ($10.90/ft2)
Note: the above is based on a down payment of 20% ($399,800),
which is the minimum amount permitted by the building.
Description
Rented through June 2022 at $6500/month, this remarkable condo presents an opportunity to collect solid cash flow during Covid and move in once everything is back to normal. No showings for now. Description below.
Corner-unit 24C is on the best line in Williamsburg’s most iconic building -- The Edge. With floor-to-ceiling windows throughout and a private terrace soaring above the East River, these Unobstructed Views stretch from the Freedom Tower to Billionaire’s Row...Simply Stunning.
An 1,100+ SF 2 BR/2 BA, Unit 24C features every detail you would expect from a preeminent waterfront building: White-Oak floors, high-end (Miele, Bosch, etc.) appliances, a Walnut-Vanity with dual sinks set apart from a large soaking tub, and a White-Quartz island leading into a chef’s kitchen. The usable layout has ample closet space, separated bedrooms, and would work well for a family or a couple.
The Edge itself is part of it’s own waterfront micro-community and has the best amenity package in Brooklyn (you could say "debatable," but...).
It includes a full-time doorman/concierge and support staff; an all-season swimming pool, spa, and sauna; a full-size basketball court with multiple gyms and yoga studios; underground parking and all types of storage; screening and gaming rooms; numerous lounges and children’s playrooms, etc. There’s just too much to list.
For investors, unit 24C also makes sense as a long-term hold and/or flip. It was previously rented for ~$6k, has taxes under $10/month due to an abatement lasting through 2036, has relatively inexpensive common charges considering the amount of amenities, and, unlike other waterfront buildings/lines, these views aren’t going to change....
Feel free to check out this walkthrough-video -- -- and reach out with any questions.
(It was taken before the repainting/touch-ups but should give a great idea of the space.)
Everyone take care of yourself and it’s all going to be ok!
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