14 Macon St. TOWNHOUSE

Brooklyn

For Sale
  • SQFT 2,392 sqft
  • Bathrooms 3.00
  • Bedrooms 6
  • Maint/CC $0
  • RET $515
  • Price $1,725,000

Property Description:

Built in 2006 and totally updated in 2015, this 27.78 ft x 45.66 ft three-family contemporary Townhouse features newly

finished hardwood floors, new stainless appliances, updated bathrooms, new heating on the top floor, resealed windows, and a newly sealed roof. Each unit has two spacious bedrooms and one bathroom. The main floor apartment also has a backyard and private entrance, and can be combined with the windowed basement to make a dream owner's duplex.
The second and third floor units are bright and sunny.
All units are separately metered. The building includes air rights.

Can be delivered partially or fully vacant. Second floor tenant is now vacant. Top and ground floor tenants have leases that end in late March. All are wonderfully responsible tenants paying below market rate rents ($2400/month each) / $7,200 per month $86,400 per Annum Rent Roll!

Expenses:

Property Taxes: $6,179 Per Annum
Insurance: $2,500 Per Annum
Water: ~$1,300 Per Annum
Gas: ~$360 per unit Per Annum
Shared power bill for Basement & Stairwell: $480 Per Annum (total)

Current Cap Rate: 4.3%

Potential Cap Rate: 5+%

Potential for cap rate increase by collecting a higher rent and converting the ground floor unit with back yard and with basement.

Lot dimensions: 27.78 ft x 45.66 ft
Lot sqft : 1,268

Units size: ~797 S.F. ( x 3)
Basement size: ~754 s.f. ( Can be combined with ground level to make a 1,551 s.f. Duplex + ~600 s.f. Backyard with a separate entrance)

Recently Sold 3 Family Brick Townhouse Comp:
https://www.propertyshark.com/mason/Property-Report/?propkey=175960

Showing By Appointment Only: Twenty Four (24) Hours Minimum Advanced Notice.
PLEASE DO NOT SHOW UP UNANNOUNCED WITHOUT A CONFIRMED APPOINTMENT.

Located on a quiet tree-lined block, but steps from everything Brooklyn has to offer, you'll find all the neighborhood's best bars, coffee shops, and restaurants within a five-block radius: Le Paris Dakar Cafe, Bagel Storey, Peaches Hothouse, Daily Press Coffee, Doris, Diamond Reef, Nostrand Avenue Pub, Alice's Arbor, Brooklyn Wine Yard, Cozy Coffee, Lover's Rock, Sushi Tatsu, Bedford Hall, Corner Grind, Glorietta Baldy, Hart's, Crabby Shack, and Fuel Juice Bar, to name just a few. And, of course, groceries, greenmarkets, laundry, hardware stores, banks, pharmacies, Planet Fitness, and all the basics are a stone's throw away.

Near the cross-roads of Clinton Hill, Prospect Heights and Crown Heights, this gem is both attractive to renters and a great place to live. The Nostrand A/C stop is right around the corner. The Franklin C/S stop is only only three short blocks away. Zip into Manhattan on the A/C in 20 minutes or take the S to connect to the 2/3/4/5/B/Q trains.

This is a great opportunity to live and/or invest in one of Brooklyn's most popular neighborhoods.

Showing By Appointment Only: Twenty Four (24) Hour Minimum Advanced Notice

NEARBY SCHOOLS

P.S. 3 the Bedford Village

Leadership Preparatory Bedford Stuyvesant Middle & Elementary Academy

Academy of Business and Community Development

Brooklyn Academy High School

Boys High School

Ged Plus

NEARBY SCHOOLS

P.S. 3 the Bedford Village

Leadership Preparatory Bedford Stuyvesant Middle & Elementary Academy

Academy of Business and Community Development

Brooklyn Academy High School

Boys High School

Ged Plus

CITI BIKE STATIONS
Macon St & Nostrand Ave (0.03 miles)
Verona Pl & Fulton St (0.16 miles)
Hancock St & Bedford Ave (0.20 miles)

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