$3,015,000
$3,015,000
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217 Cumberland Street #Building Brooklyn, NY 11205
10 Beds
6 Baths
4,000 SqFt
Key Details
Sold Price $3,015,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $753
Subdivision Fort Greene
MLS Listing ID RLS10767690
Sold Date 04/14/22
Style Prewar
Bedrooms 10
Full Baths 6
HOA Y/N No
Year Built 1930
Property Sub-Type Single Family Residence
Property Description
Sprawling 21' wide, 6 unit townhouse on the corner of Fort Greene Park. Excellent condition with many recent upgrades. Mix of Free Market and Rent Stabilized apartments.
Strong rent roll ($16,737/mo)
Low Expenses ($2,238/mo - includes Super)
Great Initial CAP rate at $3.25M of 5.5%
Easy upgrade and make this a 6%+ CAP
BUILDING FEATURES & UPGRADES:
- SPRINKLER SYSTEM
- Full Occupancy
- Hardwood Floors and Original Moldings
- Recently Renovated Bathrooms
- Upgraded Kitchens
- Landmark Building with new Cornice
- New/Replaced Gas Line, Sewer Line
- New Boiler
Fort Greene needs no introduction. 217 Cumberland enjoysviews of the park with the bonus of being on a side street. Situated accross from Walters and within blocks of Dekalb BQ for quick access to Manhattan, Clinton Hill, Prospect Heights and some of the best restaurants in Brooklyn (Evelina, Emily's, Miss Ada, Olea, more!).
Currently best suited for an investor, an owners triplex may be possible for the bottom 3 floors.
Location
State NY
County Kings
Building Detail https://giampaoloienna.com/nyc/buildings/217-cumberland-st&sold-listing=true
Interior
Fireplace No
Exterior
Exterior Feature Garden
Private Pool No
Building
Story 4
Others
Pets Allowed Pets Allowed
Pets Allowed Building Yes, Yes
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RLS Data display by Elegran