104 President Street

Columbia Street Waterfront Dist.   |   Columbia Street & Hicks Street

Price Drop
Building for sale
$ 3,995,000 [ 11.12% | $ 500,000 ]
Ownership Rental Property
Lot Size 25'x100'
Floors/Apts 4/5
Status Active
Real Estate Taxes [Per Annum] $ 12,446
Building Type Low-Rise
Building Size 25'x60'
Year Built 1920
ASF/ASM 6,000/557
Listing ID: 61832TH

Property Description

***MAJOR PRICE REDUCTION!!!*** 104 President Street, an 8-Unit brick building in the Columbia Street Waterfront District/Carroll Gardens area is a savvy investors dream chock full of value-add opportunities! Take advantage of this extremely rarely available investment property on the market for only the second time in over 50 years! With condominiums in the area demanding in the upwards of $1500 per square foot, 104 President can potentially be your next condo-conversion project , the perfect building to create your dream 25-foot-wide, income-producing townhouse with owners duplex or triplex, or simply do some light renovations to increase the current rent-roll. The options are virtually endless! Situated on a tree-lined, sunny block, 104 President is 6000 square feet of residential space (not counting the basement), 25ft X 60ft on a 25ft X 100ft lot, 4 floors plus a large basement. The backyard area measures 25ft X 40ft! Zoned R6B. Surrounded by several community parks and gardens, tasty restaurants, and many other conveniences, the Columbia Street Waterfront remains one of the most coveted areas in Brooklyn. A stones throw from Red Hook in one direction, Brooklyn Bridge Park in the other, and Cobble Hill/Carroll Gardens in the other! A truly special neighborhood. 104 President Street consists of 6 free-market apartments and 2 rent-stabilized apartments. Five 1 bedroom/1bathroom, 4 room floor-through units (2 of which are RS) and three 2 bedroom/2 bathroom + den floor-through units (all free-market). *****ALL of the free-market units (6) will be delivered vacant!***** Please inquire via email/text/phone for additional information including rent-roll, expenses, etc. and more!
***MAJOR PRICE REDUCTION!!!*** 104 President Street, an 8-Unit brick building in the Columbia Street Waterfront District/Carroll Gardens area is a savvy investors dream chock full of value-add opportunities! Take advantage of this extremely rarely available investment property on the market for only the second time in over 50 years! With condominiums in the area demanding in the upwards of $1500 per square foot, 104 President can potentially be your next condo-conversion project , the perfect building to create your dream 25-foot-wide, income-producing townhouse with owners duplex or triplex, or simply do some light renovations to increase the current rent-roll. The options are virtually endless! Situated on a tree-lined, sunny block, 104 President is 6000 square feet of residential space (not counting the basement), 25ft X 60ft on a 25ft X 100ft lot, 4 floors plus a large basement. The backyard area measures 25ft X 40ft! Zoned R6B. Surrounded by several community parks and gardens, tasty restaurants, and many other conveniences, the Columbia Street Waterfront remains one of the most coveted areas in Brooklyn. A stones throw from Red Hook in one direction, Brooklyn Bridge Park in the other, and Cobble Hill/Carroll Gardens in the other! A truly special neighborhood. 104 President Street consists of 6 free-market apartments and 2 rent-stabilized apartments. Five 1 bedroom/1bathroom, 4 room floor-through units (2 of which are RS) and three 2 bedroom/2 bathroom + den floor-through units (all free-market). *****ALL of the free-market units (6) will be delivered vacant!***** Please inquire via email/text/phone for additional information including rent-roll, expenses, etc. and more!

Listing Courtesy of The Corcoran Group

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Apartment Features

A/C
104 President Street Columbia Street Waterfront Dist. Brooklyn NY 11231

Building Details [104 President Street]

Ownership Rental Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 348/14
Building Size 25'x60'
Building Type Low-Rise
Year Built 1920
Floors/Apts 4/5
Lot Size 25'x100'

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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