368 Jefferson Ave

Description

Sold & Closed. A four-family, four story brownstone that is fully-renovated. The building is currently configured as floor though apartment each with a full kitchen and bath. A garden compliments the first level and each floor above the Parlor floor has a ½ bedroom next to the main bedroom. There are hardwood floors, high ceilings and electrical and plumbing upgrades though out the building. Zoned as a four-family, the building has a sprinkler system already in place. The new buyer will be able to maintain the three month-to-month leases and one lease expiring December 2013 or the building can be delivered vacant.

History

Built in 1905, the property has been updated and upgraded over the century. Some of the original details can be found alongside of modern conveniences for you or your tenants. The current owner renovated the property in 2005 and since has continued to improve the property, including resealing the roof two years ago.

The Neighborhood

Jefferson Avenue is on one of Stuyvesant Heights most coveted blocks, and the surrounding area is row after row of two and three story exquisitely designed townhouses set upon broad tree-lined streets. Developed between 1870 and 1920, Stuyvesant Heights is an almost exclusively residential neighborhood with small businesses and shops serving the community.

Features

Four renovated units with current income and vacant delivery is possible. Pro-Forma net operating income is $82,500.

Price: $1,500,000
7 Bed | 4 Bath
Real Estate Taxes: $2,924 yr

Contact Information:

Evans & Nye

Mobile: 917.615.4818

info@evansnye.com



All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. The number of bedrooms listed above is not a legal conclusion. Customer should consult with its counsel regarding all closing costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent with designated agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. Broker actively supports equal housing opportunities. All rights to content, photographs and graphics reserved to Broker. Evans Nye Incorporated.