Investment Opportunity! Now available in one of the most coveted neighborhoods in Brooklyn, 636 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 is currently completely vacant and units are also being offered for rent; this means now is the house-hackers chance to get in before it's too late! Rent roll estimates and estimated expense sheets can be provided upon request. Virtual tours and floor plans are available for layouts of each unit. If you'd prefer a building fully stocked with tenants please check out our other currently listed offering at 616 President St!
This is a work-in-progress opportunity for someone looking to live/rent out space without having to worry about doing all the work themselves. 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. The primary bedrooms of the upper floors offer an additional auxiliary room perfect for a home office or walk-in closet space. Meanwhile, the 1st floor has access to the garden, perfect for entertaining guests! In the basement, will be rooms available for tenant storage as well as laundry to help maximize the return on investment. (Please note: the backyard still needs landscaping and the anticipated finishing of the basement will be October 2021)
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 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!
