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$8,845,083
List price: $8,995,000
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118 Remsen Street
Apartment in Brooklyn Heights •  building info
10bd • 9ba • 10,200 ft² $882 per ft²
Buy with Yoreevo

$8,845,083

List price

$8,995,000

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photo of agent
Leon Goldfeld
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Key Details
Days on market
10
Last price change
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Estimated payment
$48,537
Monthly taxes
N/A
Monthly maintenance
N/A
Description
The year was 1900, and the construction labor force was ripe with European craftsmen who took enormous pride in every brick, every hand carved stone, every cornice, every ceiling archway and every inch of inlaid flooring. "They don't make em like they used to" is unfortunately true in many cases. That statement makes this particular property an even greater tribute to the preservation/restoration of a timeless treasure. It is a uniquely detailed iconic residence, and an unapparelled example of craftsmanship long lost. Unbelievably elegant AND incredibly well priced, this massive 25 foot wide historic brownstone home has as many possible uses as it does points of value and beauty. Framed beneath its behemoth (approximately) 10,200 square foot interior are a wealth of possibilities for the end user, the investor, the developer or simply for 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 residence while enjoying top market income values from the 6 very well maintained 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 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.6 beautiful residences; 5 spacious 1 bedroom apartments and 1 trophy triplex home. The owner's triplex, (this building's focal point of authenticity and grace), is spread over parlor, garden and basement levels and dedicated to fulfilling all of the comforts of the owner including an incredible parlor level "great room"; elegant garden level living room; extraordinary kitchen with Wolfe, and SubZero appliances framed in marble; intimate patio off of the dining area; 3 huge bedrooms all with 13 foot ceilings and oversized windows; 3 full en suite baths; 1 powder room; a graceful staircase and entry foyer; a massive custom 500 bottle wine cellar, large media center, exercise area and more than ample storage space near the dedicated laundry center. There is also an "owners home office" north facing and beautifully detailed as an adjunct to the owner's triplex. The 5 apartments above the owner's residence are all in top condition and at market rents. "Sprawling", "endless", "luxurious", "timeless" call it whatever you like, especially if you are smart enough to call it "home"/or better yet "Home Run". Located in "the best neighborhood in New York", of course, and within a stone's throw to everything chic, hip, necessary and cool, such as: shopping, restaurants, parks, schools, transportation, services, solons, museums, houses of worship, library, and so much more. It's true, "They don't make em like they used to" anymore.... but this one can be yours for the asking. Finally, welcome home!

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History
What it'll cost
Purchase price
$8,995,000
Asking Price: $8,995,000
Term
30 Years
Down Payment
$899,000 (10%)
Min: 10% (899,000)
Rate
6.0 %
Mortgage Amount
$8,095,500
Mortgage Payment
$48,537
Estimated Yoreevo rebate
Estimated closing cost
Total monthly cost $48,537
Buy your dream home with us and get an estimated
$149,917 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Courtesy of Corcoran Group