299 Vanderbilt Avenue - Clinton Hill, New York

        

 

299 Vanderbilt Avenue - Clinton Hill, New York

 

Incredible investment opportunity. Approximately 5.8% cap-rate. 299 Vanderbilt is an exceptional 3,060 Square ft 7-unit brownstone on a tree-lined block in one of Brooklyn's most desirable neighborhoods, Fort Greene, Brooklyn. This recently renovated, turn-key investment opportunity is made up of 6 studio rental apartments and a three-bedroom rental apartment with a private garden.

Meticulously redesigned, each unit has been individually upgraded with a quintessential modern Brooklyn aesthetic, stylish living spaces featuring beautiful hardwood oak floors, exposed beams, high ceilings, exposed brick walls, lots of natural sunlight, split ductless heating and cooling systems, chicly designed bathrooms with subway tiles and chrome fixtures, rounded off with stylish kitchens with custom cabinetry and stainless steel appliances, including dishwashers.

Perfectly situated between Dekalb and Lafayette Aves, 299 Vanderbilt Avenue is surrounded by superb dining, local shopping, and in the beating heart of Brooklyn's vast cultural ecosystem. Local favorites include Chez Oskar, Walters, Aita, No.7, Speedy Romeo, Romans, Olea, Maison May Dekalb, Black Forest Brooklyn, and Habana Outpost. Close proximity to Pratt Institute, Brooklyn Academy of Music (BAM), the groundbreaking development plan - Brooklyn Cultural District, Atlantic Terminal Mall, and Fort Greene Park, which also plays host every Saturday to Greenmarket, the best farmer's market in Brooklyn. Transportation: G Train at Clinton-Washington 3 blocks away, and the C Train at Lafayette Avenue just a mere 5 blocks, allowing for an easy commute to Manhattan.

With low taxes and a substantial projected rent roll, this fully renovated brownstone offers an incredible real estate investment opportunity with a cap rate of approximately 5.8%.

 

This listing courtesy of Douglas Elliman

Property Details:

  • 299 Vanderbilt Avenue - Clinton Hill, New York
  • Price: $2,850,000
  • Monthly Real Estate Tax: $671
  • Neighborhood: Clinton Hill
  • Multi-Family
  • Approximate Sq. Feet: 3,060
  • Listing ID: 2558258

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