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.