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Listing Courtesy of Corcoran Group
$ 4,995,000
Est. payment /mo
Active
50 FORT GREENE Place Brooklyn, NY 11217
8 Beds
6 Baths
4,140 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,140 sqft
Price per Sqft $1,206
Subdivision Fort Greene
MLS Listing ID RLS20062310
Bedrooms 8
HOA Y/N No
Year Built 1931
Annual Tax Amount $8,424
Property Sub-Type Multi Family
Property Description
Welcome to 50 Fort Greene Place, a renovated, income-producing three-unit brownstone on one of Fort Greene's most coveted tree-lined blocks, just half a block from Fort Greene Park and moments from BAM. Spanning approximately 4,320 square feet plus a full cellar on a 20' x 100' lot, this stately four-story townhouse was fully renovated in 2014 and is configured as three expansive, well-designed duplex apartments.
The fully occupied property currently generates $252,000 in annual income, offering strong in-place cash flow with exceptional flexibility for owner-occupiers. Both the garden duplex with private backyard and the top-floor duplex with a large private terrace are ideal candidates for an owner to live in while continuing to collect significant monthly rent from the two remaining units.
Each residence features generous living and dining areas, oversized bedrooms, excellent closet space, modern kitchens, and multiple bathrooms. The building is fully sprinklered, separately metered, and tenants individually pay their own utilities. The full cellar houses all mechanicals and additional building infrastructure.
Perfectly positioned near nearly every major subway line-G, 2, 3, 4, 5, C, B, D, N, Q, and R-the connectivity is unmatched. Daily conveniences are equally close, including a Whole Foods just a few minutes away.
Configuration Overview
Garden Duplex: Large 2+bedroom, 2-bathroom with private backyard Second & Third Floors: Large 3-bedroom, 2-bathroom duplex Top Duplex: Spacious 2-bedroom, 2-bathroom with private terrace Basement: Mechanical systems and shared laundry for Units 1 and 2 This is a rare opportunity to acquire a prime Fort Greene asset that delivers immediate income today with exceptional lifestyle and long-term upside built in.
The fully occupied property currently generates $252,000 in annual income, offering strong in-place cash flow with exceptional flexibility for owner-occupiers. Both the garden duplex with private backyard and the top-floor duplex with a large private terrace are ideal candidates for an owner to live in while continuing to collect significant monthly rent from the two remaining units.
Each residence features generous living and dining areas, oversized bedrooms, excellent closet space, modern kitchens, and multiple bathrooms. The building is fully sprinklered, separately metered, and tenants individually pay their own utilities. The full cellar houses all mechanicals and additional building infrastructure.
Perfectly positioned near nearly every major subway line-G, 2, 3, 4, 5, C, B, D, N, Q, and R-the connectivity is unmatched. Daily conveniences are equally close, including a Whole Foods just a few minutes away.
Configuration Overview
Garden Duplex: Large 2+bedroom, 2-bathroom with private backyard Second & Third Floors: Large 3-bedroom, 2-bathroom duplex Top Duplex: Spacious 2-bedroom, 2-bathroom with private terrace Basement: Mechanical systems and shared laundry for Units 1 and 2 This is a rare opportunity to acquire a prime Fort Greene asset that delivers immediate income today with exceptional lifestyle and long-term upside built in.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Central Air
Fireplace No
Laundry Building Other
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
View Other
Porch Deck, Terrace
Private Pool No
Building
Dwelling Type Townhouse
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 02097-0063
Ownership None
Monthly Total Fees $702
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by BēKin
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