616 President Street

Park Slope   |   4th Avenue & 5th Avenue

Building For Sale
$ 3,199,999
Ownership Multi-Family
Lot Size 17'6''x100'
Floors/Apts 4/4
Status Active
Real Estate Taxes [Per Annum] $ 9,036
Building Type Low-Rise
Building Size 17'6''x45'''
Year Built 1920
ASF/ASM 3,281/305
Listing ID: 72319TH

Property Description

Yes, this Investment Opportunity IS still Available!

Now available in one of the most coveted neighborhoods in Brooklyn, 616 President St is a 4-unit non-elevator building on the market for anyone looking to hold on to a steady income-producing property for years to come!

The building is part of a row of red-brick homes located on a tree-lined block between 4th and 5th avenues which offer stable tax increases year over year due in part to its tax class – 2a! With an investment like this, you’ll never have to worry about securing new tenants because of the location and the fact that it’s only 4 units means each is free market and up to your discretion when it comes to rental pricing!

This building comes fully occupied with 4 tenants; perfect for the investor choosing to finance this purchase. Rent roll information and estimated expense sheet can be provided upon request. Virtual tours and floor plans are available for layouts of each unit. Additionally, please ask about our other offering at 636 President St!

This is a turn-key opportunity for someone looking to park their money and max out their return on their investment without doing any major work! Each unit in the building has been updated to provide the feeling of luxury condo living in Park Slope. In each kitchen are new stainless steel appliances along with white quartz countertops which extend thoughtfully to provide additional eat-in space. The primary bedrooms of the upper floors take advantage of as much as the 17’ 6" wide building as possible. Meanwhile, the 1st floor has access to the garden with the use of a shed for additional storage! Not to mention renovated bathrooms, classy chandeliers throughout, and all topped off with ductless a/c systems zoned for each room on every floor!

The building is located 1 block over from the Union St R-Train which offers a 15-minute commute into downtown Manhattan or 1 stop away 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 lines the entirety of Park Slope gracing the neighborhood with tons of different cafes, restaurants, shopping, and much more! The Associated Supermarket is located on the same block within 2 minutes from the building and of course, you have Prospect Park which is within 15 minutes (4 long- blocks) away where throughout the year there are farmers’ markets, spectacular events, and a stunning amount of green space for all to enjoy!

Reach out to get more information and schedule your appointment today!
Yes, this Investment Opportunity IS still Available!

Now available in one of the most coveted neighborhoods in Brooklyn, 616 President St is a 4-unit non-elevator building on the market for anyone looking to hold on to a steady income-producing property for years to come!

The building is part of a row of red-brick homes located on a tree-lined block between 4th and 5th avenues which offer stable tax increases year over year due in part to its tax class – 2a! With an investment like this, you’ll never have to worry about securing new tenants because of the location and the fact that it’s only 4 units means each is free market and up to your discretion when it comes to rental pricing!

This building comes fully occupied with 4 tenants; perfect for the investor choosing to finance this purchase. Rent roll information and estimated expense sheet can be provided upon request. Virtual tours and floor plans are available for layouts of each unit. Additionally, please ask about our other offering at 636 President St!

This is a turn-key opportunity for someone looking to park their money and max out their return on their investment without doing any major work! Each unit in the building has been updated to provide the feeling of luxury condo living in Park Slope. In each kitchen are new stainless steel appliances along with white quartz countertops which extend thoughtfully to provide additional eat-in space. The primary bedrooms of the upper floors take advantage of as much as the 17’ 6" wide building as possible. Meanwhile, the 1st floor has access to the garden with the use of a shed for additional storage! Not to mention renovated bathrooms, classy chandeliers throughout, and all topped off with ductless a/c systems zoned for each room on every floor!

The building is located 1 block over from the Union St R-Train which offers a 15-minute commute into downtown Manhattan or 1 stop away 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 lines the entirety of Park Slope gracing the neighborhood with tons of different cafes, restaurants, shopping, and much more! The Associated Supermarket is located on the same block within 2 minutes from the building and of course, you have Prospect Park which is within 15 minutes (4 long- blocks) away where throughout the year there are farmers’ markets, spectacular events, and a stunning amount of green space for all to enjoy!

Reach out to get more information and schedule your appointment today!

Listing Courtesy of Triplemint

Care to take a look at this property?

Apartment Features

A/C [Central]
616 President Street Park Slope Brooklyn NY 11215

Building Details [616 President Street]

Ownership Multi-Family
Service Level Voice Intercom
Access Walk-up
Block/Lot 958/22
Building Size 17'6''x45'''
Zoning R6B
Building Type Low-Rise
Year Built 1920
Floors/Apts 4/4
Lot Size 17'6''x100'

Building Amenities

Garden
Outdoor Parking

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2022 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.