A price cut from the original $895K list now has this Park Slope 2-bedroom at $800K. It has received a slew of attention from 350+ StreetEasy shoppers, who appreciate the private rear garden and the unfinished basement that greatly add to the flex space of parlor-floor unit in a brownstone townhouse, one of four in this “relaxed” co-op. Joanna Mayfield Marks at Halstead is looking for a buyer!
If you have to ask what a “cap rate” is, this may not be the property for you. However, investors and some intrepid buyers will be ready to roll up their sleeves and open their checkbooks for this 3-family brownstone in Bed-Stuy. The listing suggests that once gutted and remodeled, the cash flow could be upwards of $140K, with a 6% cap rate. If this speaks to you, do it!
Brooklyn Open Houses Under $1 Million Article continues below
This 2-bedroom and 2-bathroom condo is set in a mixed-use pair of buildings, each with nine loft-like apartments. The commercial use of some of the buildings helps keep maintenance fees under $800, but FYI, some of those abatements expire in 2022. At 1,100 square feet with a private roof deck, this is a good space in the Park Slope/Gowanus neighborhood. It has a generous foyer entry, washer and dryer, open kitchen, and master bedroom with en suite bathroom. Peter Bracichowicz at Corcoran is the seller’s agent. It’s one of two units in the condo listed for sale; the other is under contract.
Here’s a sweet 2-bedroom duplex in the Clinton Hill Condominium complex, a collection of 24 townhouses each with two units. The 1,150 square feet is divided between a lower level living area with open kitchen, bathroom, and a private patio. Upstairs you’ll find the 2 bedrooms with walk-in closets. Central air, washer and dryer hookup and, an NYC rarity: Deeded parking in a gated lot! Pamela Young at Corcoran is the listing agent.
The median asking price for 1-bedroom in Murray Hill is $785K, so this 675-square-foot unit at $500K in an Emery Roth-designed prewar building represents outstanding value. Maintenance is $1,264, and the art deco lobby is attended 24/7 by a doorman. Pets allowed with board approval and subletting is OK after three years. No flip tax. Great East Side location off East 34th Street and Park Avenue. Kevin Wong at Compass is the listing agent.
Manhattan Open Houses Under $1 Million Article continues below