Open House: Thu, May 2nd 10:00 AM - 12:00 PM EDT

Active

120 Dean Street

Brooklyn NY, 11201

$5,500,000


$1,397.36 per sqft

Active

10 Beds

4 Baths

3,936 sqft

Town House

Built in 1900

120 Dean Street Brooklyn, New York 11201

Proudly presenting 120 Dean Street: This legal four (4)-unit property is in the heart of Boerum Hill. Situated on a gorgeous tree-lined block, do not miss the opportunity to make this your home or the next addition to your investment portfolio. Enjoy being moments away from local staples La Vara, Leyanda, Bar Tabac, June Wine Bar, Clover Club, Paisanos, Fish Tales, and so much more. Take advantage of the proximity to Smith/Court Streets and all the major transit lines (including Borough Hall). This location is as prime as it gets! Located in the epicenter of Boerum Hill, this property is truly a trophy location!

This landmark four (4)-unit townhouse is 21 ft x 43 ft and is situated on a 21.83 ft x 100 ft lot. Currently configured with an owner's duplex on the garden level and a finished basement. This unit is currently set up as a two (2)-bedroom and one (1)-bath with access to a beautiful backyard (52'0" x 21'10"). The finished basement is a large space that is perfect for a rec room/playroom, media room, studio, home gym, or an extra bedroom (options are only limited by your imagination).

The second floor/parlor level apartment features two (2) bedrooms and one (1) bath. Both bedrooms are large enough to be fully furnished to your distinguished taste and can accommodate full bedroom furniture sets/king-size beds. The primary bedroom is 10'0" x 14'6" and the accompanying bedroom is 14'0" x 9'0". The sun-soaked living room (17'0" x 11'4") radiates good vibes and energy and overlooks the garden.

The third and fourth-floor apartments are configured as three (3)-bedrooms and one (1)- bath rental unit. All apartments are floor-through and receive multiple exposures. All units are move-in ready and can be rented on day one.

The rent roll can be significantly increased without a single renovation. Additional strategic renovations can increase the rent roll even further. This property is perfect for those looking to convert the building into a single-unit dream home in a dream location. The townhouse is also a great option for those looking to reside in one of the units while renting out the other apartments to support the mortgage. This is also an opportunity for savvy investors seeking an investment property in one of the most coveted neighborhoods in all of Brooklyn.

As an extra bonus, the bricks have been recently re-pointed, and the roof is only two (2)- years old. The owner's duplex can be delivered vacant upon closing (owner occupied). Two (2) of the Three (3) rental units have leases that expire 9/30/24 and one of the units' leases expires 10/31/2024.

RPLU-33422866528

MLS ID

March 6, 2024

Listed

April 10, 2024

Updated

Map

120 Dean Street
Brooklyn NY, 11201

Interior Features

Total Stories

3


Bedrooms

10 Beds


Bathrooms

4 Baths


Laundry Description

Washer Hookup, In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

No

Exterior/Building Features

Lot Size

0.05 Acres

Other Property Details

Taxes

$15,912


Tax Frequency

Annually


Garage

No


View

No


View Description

Other


County

Kings


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

4/10/2024

Price Change

$5,500,000

-9%

Open House Schedule

Thu, May 2nd

10:00 AM - 12:00 PM EDT

Mon, May 6th

10:00 AM - 2:00 PM EDT

Wed, May 8th

10:00 AM - 12:00 PM EDT

Courtesy of Corcoran Group with David Kafko,
Listing Contact: (347) 249-9302 

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.

©2024 The Real Estate Board of New York, Inc., All rights reserved

Data last updated 10:50 PM UTC, 4/10/2024

 

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