Multi Family, 563 20TH Street #, Windsor Terrace - Real Estate New York

Description

Welcome to 563 20th Street - an exceptional 5 Unit Property featuring 11 bedrooms, 10.5 bathrooms with 8-balconies, rooftop, 5 Parking Spaces and rear yard nestled in the highly sought-after Windsor Terrace neighborhood. This three-story rent-stabilized building, solidly constructed in 2002, spans an impressive 6,080 sq. ft. on a 40' by 80' lot, offers tremendous upside and phenomenal layouts.

Property Highlights:
- Building Size: Approximately 6,080 sq. ft. (40 ft. x 60 ft.)
- Lot Size: 40 ft. x 80 ft.
- Units: Five-unit building with 11 bedrooms and 10.5 bathrooms
- Balconies: Eight balconies, plus a rooftop and rear yard
- Parking: Garage with up to 6 parking spaces
- Basement: Full basement with five locked storage units, a 3-set coin-operated machine laundry room, and a mechanical room with meters

Residential Details:
- First Floor Duplex: A sprawling 1,627 sq. ft., 3-bedroom, 2.5-bathroom unit
- Upper Floors: Four sun-drenched, 2-bedroom, 2-bathroom apartments, each with two balconies
- Luxury Features: King-size primary ensuites with full baths, open-concept kitchens with eat-in islands, oak wood floors, French doors, and recessed lighting throughout
- Rooftop Potential: The rooftop offers an opportunity for furnishing and landscaping, with the potential to add value

Financials:
- Monthly Rent Roll: $12,527
-Expenses:
-- Heat: $342/month
-- Electric (Common Areas): $114/month
-- Insurance: $272/month
-- DEP: $300/month
-- Real Estate Taxes: $117.49/month
-- Tax abatement until 2029. Contact us for more information about Tax Abatement & Tax Incentive.

This rent-stabilized building is delivered fully occupied with long-term, reliable tenants in good standing. With its prime location, strong rental income, and the potential for rooftop enhancement, 563 20th Street is an outstanding investment opportunity with upside.

Don't miss your chance to own this meticulously maintained property with tremendous upsides in one of Brooklyn's most desirable neighborhoods! Listing courtesy of Corcoran Group ...
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