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Simone Malferrari

217 Cumberland Street

$3,015,000 217 Cumberland Street, Fort Greene, Brooklyn, NY 11205

Sprawling 21' wide, 6 unit townhouse on the corner of Fort Greene Park. Excellent condition with many recent upgrades. Mix of Free Market and Rent Stabilized apartments.

Strong rent roll ($16,535/mo)
Low Expenses ($2,238/mo - includes Super)
Great Initial CAP rate at $3.25M of 5.28%
Easy upgrade and make this a 6%+ CAP

BUILDING FEATURES & UPGRADES:
- SPRINKLER SYSTEM
- Full Occupancy
- Hardwood Floors and Original Moldings
- Recently Renovated Bathrooms
- Upgraded Kitchens
- Landmark Building with new Cornice
- New/Replaced Gas Line, Sewer Line
- New Boiler

Fort Greene needs no introduction. 217 Cumberland enjoysviews of the park with the bonus of being on a side street. Situated accross from Walters and within blocks of Dekalb BQ for quick access to Manhattan, Clinton Hill, Prospect Heights and some of the best restaurants in Brooklyn (Evelina, Emily's, Miss Ada, Olea, more!).

Currently best suited for an investor, an owners triplex may be possible for the bottom 3 floors.

  • Sold
    Status
  • 10
    Bedrooms
  • 6
    Bathrooms
  • 1930
    Year Built
  • 3,780 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: Sold
  • Living Space: 3,780 Sq.Ft.
  • Type: Townhouse
  • Year Built: 1930

Interior

  • Total Bedrooms: 10
  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Other Interior Features: High Ceilings, Renovated Kitchen and Bath, Full Basement

Exterior & Building

  • Other Exterior Features: Private Yard, Exposed Brick, Crown Mouldings, Decorative Mouldings, Walk Up, Back Yard

Financial

  • Sales Price: $3,015,000
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217 Cumberland Street

Work With Simone

Simone's passion for real estate is rooted in the principality of Monaco, the place where this passion started. To this day Festina has an extensive network there, as well as a deep knowledge of the market.
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