Now Available in one of the most coveted neighborhoods in Brooklyn! 636 President St is a 4-family non-elevator building on the market for anyone looking to hold long-term or live in the profit-producing property for less than it costs to rent! The 17-foot-wide building is situated in a prime location among a picturesque row of brick townhouses between 4th and 5th Avenues. The exceptional locale ensures high demand from prospective tenants, providing you with a stable and consistent source of income. Each apartment is free market, allowing you to set rental prices freely, maximizing profitability over time. The building's favorable tax classification - 2A will ensure steady tax increases enabling you to stay ahead of the game with your investment. Whether you're an absentee investor or President Street's newest neighbor, this property is an excellent opportunity to secure a valuable asset that promises both consistent returns and future appreciation! The building is fully occupied; Projected rent rolls and estimated expense sheets can be provided upon request. Virtual tours are available of each unit for interested parties. Each unit is about 725 sqft and has been updated to provide the feeling of condo living in Park Slope. In every kitchen are new stainless steel appliances along with white quartz countertops and tons of cabinet storage. The primary bedrooms of the upper floors come with an additional room that can be home office / walk-in closet. The 1st floor has access to the private garden, perfect for entertaining guests! In the basement, rooms are being utilized for tenant storage as well as laundry to help maximize the return on investment. The building is located 1 block over from the Union St R-Train which offers a 15-minute commute into downtown Manhattan or in 1 stop you can switch at Atlantic Terminal to transfer to the B,D,2,3,4,5,N,Q, and W Trains as well as the LIRR! Up the block is the renowned 5th Avenue of Brooklyn, which traverses the entirety of Park Slope gracing the neighborhood with tons of different cafes, restaurants, shopping, and much more! The Associated Supermarket is within 2 minutes from the building and, of course, you have Prospect Park which is within 15 minutes (4 blocks) away where throughout the year there are farmers' markets, spectacular events, and a stunning amount of green space for all to enjoy! Don't miss your chance to take advantage of this opportunity! Reach out to get more information and schedule your appointment today!
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.
