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118 Remsen Street
Condo in Brooklyn Heights •  building info
10bd • 9ba
Sold price

$7,350,000

Key Details
Days on market
295
Last price change
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Estimated payment
$48,211
Taxes
$6,400
Monthly common charges
$0
Description
Location, beauty, SIZE, proportion, authenticity, value and PRICE. Simply put... "118 Remsen Street is a timeless treasure". An authentic 1900's brownstone home with incredible details and craftsmanship evident in every brick, every hand carved stone, every cornice, every ceiling archway and every inch of inlaid flooring. This massive 25 foot wide 10,200 SF historic brownstone home has as many possible uses as it does points of value and beauty. Framed beneath its' behemoth interior are a wealth of possibilities for the end user, the investor, the developer or simply a buyer looking to capture a lost treasure in brick and mortar. For an end user, this home represents a substantial income producer as well as providing for a delightfully stylish triplex (or quadruplex) residence while enjoying top market income values from the upper 3rd 4th and 5th floor rental apartments. For the investor, 118 Remsen provides a rare opportunity to amass a property of this magnitude and style with a solid uninterrupted record of proven success from top to bottom with little need for remodeling. For the developer, this illustrious home can become your "crown jewel" transitioning from the multifamily gem to single family masterpiece, or majestic condominium homes. For the "treasure hunter", the devil (or heaven!) is in the details. Any way you look at it, 118 Remsen Street is magical. 7 beautiful residences: 6 spacious 1 bedroom apartments and 1 trophy triplex. Perfect location, perfect investment.

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History
What it'll cost
Purchase price
$7,350,000
Asking Price: $7,350,000
Term
30 Years
Down Payment
$735,000 (10%)
Min: 10% (735,000)
Rate
6.5 %
Mortgage Amount
$6,615,000
Mortgage Payment
$41,811
Common Charges
$0
Taxes
$6,400
Estimated closing cost
$331,000
Total monthly cost $48,211
Listing Courtesy of Corcoran Group

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