1602 Prospect Place

Brooklyn, NY 11233

Solid-brick, semi-detached, legal four family with private parking spots.

Two level building with four income producing units, situated on a 25x128 feet lot.

Approximately 3,300square feet with a an additional semi-finished basement.

Allowed usable floor area: 7,761. Unused FAR: 4,471

Fantastic investment opportunity.

This four family townhouse has three 2-bedroom units and one 1-bedroom.

The building has many charming details throughout. The four units feature restored hardwood floors, spacious bedrooms, plenty of closet space, interiors with open-concept living areas.

The building has been meticulously maintained, newly renovated and newly updated. For a list of the most recent renovations (see below).

All tenants have expired leases and tenants are now on month to month term which presents a great investment opportunity for a buyer or investor to obtain market rent.

Close access to the A, C, 4, 3 subway lines. Easy access to the LIRR

Unique rent producing opportunity. Investment potential. This property will not last.

List of Most Recent Work:

Basement (2017 - 2020)

Electric - entire basement rewired- new outlets / lights / switches/ fuse panel

Sealed walls

Repaired concrete floor and footings

New Crown steam boiler installed in Jan 2020

New sliding basement windows all around

Roofing (2016, 2020)

New asphalt roofing Oct 2016

Silicone roof coating Aug 2020

Exterior (2018, 2019)

Thorough restoration of exterior walls - new brick to replace bad sections, repointing top half, and sections around windows, new window sills

Natural stone base section of wall restored and repointed

All woodwork around windows done - repaired, painted.

Led flood lights installed 2019

Hallway (2016, 2017)

Repaired and refinished walls and ceilings

New light fixtures

Installed new front doors for 2nd floor apartments

New locks all apartments

Apartments (2016, 2017)

New kitchen cabinets in each apartment

New appliances - fridges, stoves

New bathroom floors and cabinets in 1F and 2F

Repaired / refinished walls and ceilings

Restored hardwood floors all apartments

New interior doors/ locks/ hinges all apartments

Please anticipate a COVID disclosure for physical showings.