Why look at condos when you can buy a 4-unit brownstone with double the square footage and a private yard for half the price per square foot? No HOA board to contend with, no unpredictable common charges, all while retaining full control over the asset's future appreciation and utility.
● Owner User Opportunity: Finishes, garden access, neighborhood, and transit-oriented location make this an ideal candidate for a hybrid owner/user/investor living in one or more of the units.
● Value-Add / Investment Opportunity: The property is in good condition, though renovations would result in improved rent roll and decentralizing utilities would reduce landlord expenses.
● Fully Free Market: The property has no history of rent regulation.
● Transportation Accessibility: The A, C, & S subway lines and the Long Island Railroad (Nostrand Ave stop) are within 3-5 blocks away, with access to Lower Manhattan and Broadway Junction within 15 minutes
● Protected Tax Class: Tax class 2A limits RE tax increases to no more than 8% a year or 30% over 5 years
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Zillow last checked:
Listing updated:
Listed by:
Matthews Real Estate Investment Services Inc914-584-7422,
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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