Description

Upside Potential in Cypress Hills Motivated seller seeks CASH BUYER for this 3-story brick house. NO ACCESS TO UNITS - Only Pass By and access to basement and utilities with an offer to purchase. The house will be sold AS IS, with TENANTS IN PLACE The entire property has been well maintained by the current owner who has held the property over 2 decades. Located in the Cypress Hills/Highland Park neighborhood, bordering East New York. 3 units averaging appx 1000 sqft, with a semi-finished, walk in basement. Apt 1 - 3BR/1 Bath Apt 2 - 3BR/ 1 Bath Apt 3 - 4 BR/ 1 Bath Income - $63,972 Expenses - $11,348 **Utilities are separately metered** Extra deep lot 19x150 Building is 19 X 58 The property consists of 3 full floor apartments, and a full ceiling height basement. The property is sold fully occupied - As Is Full ceiling height basement - currently used for storage and utilities. Close to many public transportation options and just one block from the Norwood Avenue, J-Z train Station. Cypress Hills and the surrounding area is undergoing a revitalization period, with multiple new condos and rental complexes already underway. The immediate area is expected to see dozens of new developments bringing several thousand new units over the next 2 years. Multiple cultural and recreational attractions including Highland Park, North Brooklyn YMCA, and many local eateries reflecting the area's diverse cultures. Conveniently located near the Jackie Robinson Highway and Highland Park, offering tennis courts, walking and running trails, and playgrounds for outdoor enthusiasts. On Fulton street there is a thriving retail corridor with spots like Mr. Fire Bar & Grill - for great food and entertainment, Puerto Plata Fish Market - for amazing seafood, and numerous other local favorites. Also, local supermarkets are less than 3-minutes away. Listing courtesy of Compass ...
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