*** Investment Opportunity!*** Now available in one of the most coveted neighborhoods in Brooklyn, 616 President St is a 4-unit non-elevator building on the market for anyone looking to hold on to a steady income-producing property for years to come!
The building is part of a row of red-brick homes located on a tree-lined block between 4th and 5th avenues which offer stable tax increases year over year due in part to its tax class - 2a! With an investment like this, you'll never have to worry about securing new tenants because of the location and the fact that it's only 4 units means each is free market and up to your discretion when it comes to rental pricing!
This building comes fully occupied with 4 tenants; perfect for the investor choosing to finance this purchase. Rent roll information and estimated expense sheet can be provided upon request. Virtual tours and floor plans are available for layouts of each unit. (Please note: We will not be showing units in-person until offer acceptance.) If you'd prefer a building with an empty unit to live in, please check out our other currently listed offering at 636 President St!
This is a turn-key opportunity for someone looking to park their money and max out their return on their investment without doing any major work! Each unit in the building has been updated to provide the feeling of luxury condo living in Park Slope. In each kitchen are new stainless steel appliances along with white quartz countertops which extend thoughtfully to provide additional eat-in space. The primary bedrooms of the upper floors take advantage of as much as the 17' 6" wide building as possible. Meanwhile, the 1st floor has access to the garden with the use of a shed for additional storage! Not to mention renovated bathrooms, classy chandeliers throughout, and all topped off with ductless a/c systems zoned for each room on every floor!
The building is located 1 block over from the Union St R-Train which offers a 15-minute commute into downtown Manhattan or in 1 stop away you can switch at Atlantic Terminal to transfer to the B,D,2,3,4,5,N,Q, and W Trains as well as the LIRR! Up the block is the renowned 5th avenue of Brooklyn, which lines the entirety of Park Slope gracing the neighborhood with tons of different cafes, restaurants, shopping, and much more! The Associated Supermarket is located on the same block within 2 minutes from the building and of course, you have Prospect Park which is within 15 minutes (4 long- blocks) away where throughout the year there are farmers markets, spectacular events, and a stunning amount of green space for all to enjoy!
Don't miss your chance to take advantage of this golden opportunity. Reach out to get more information and schedule your appointment today!
