231 Bainbridge Street is a massive four story, four unit brick building situated just outside of the Stuyvesant Heights Historic District. Located two blocks from the A, C train at Utica Avenue, this property is a 20-minute commute from downtown Manhattan and has the potential to yield a significant rental income. The building is built 20 ft. x 80 ft. on four floors, or 5,320 square feet, and sits on a 20 ft. x 100 ft. lot. The property will be delivered entirely vacant. Three out of the four apartments have four bedrooms and two full bathrooms and are complete with stainless steel appliances, hard wood floors, and updated finishes. The ground floor apartment is outfitted with slightly higher end finishes and is complete with three bedrooms and two full bathrooms, with the potential to be a large duplex. The basement ceilings are 12 feet high and the shaft in the rear of the building has been dug down, which has allowed for full sized windows in the basement and the opportunity for a legal 5th unit, or a basement/ground floor duplex apartment with five or more bedrooms. The boiler was recently replaced with a more efficient gas Weil Mcclain boiler. There is also an old dumbwaiter that spans all four floors of the building, which can be utilized for separate utilities for each apartment if desired. All the apartments have low flow toilets, and building expenses are minimal overall. This is an opportunity to acquire a well maintained, vacant, free-market, prewar building with scale in one of the most rapidly appreciating submarkets in New York City.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
