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$5,408,333
List Price: $5,500,000
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120 Dean Street
Coop in Boerum Hill •  building info
10bd • 4ba • 3,936ft² $1,397 per ft²
Buy with Yoreevo

$5,408,333

List Price

$5,500,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
47
Last price change
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Estimated payment
$27,811
Monthly taxes
N/A
Monthly maintenance
$0
Description
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.

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Important Stuff
Pets allowed
Washer/Dryer in unit
Listing Amenities
Hardwood floors
City View
Fireplace
Garden View
Building Amenities
Fios Available
Outdoor Space
Garden
History
What it'll cost
Purchase price
$5,500,000
Asking Price: $5,500,000
Term
30 Years
Down Payment
$1,100,000 (20%)
Min: 20% (1,100,000)
Rate
6.5 %
Mortgage Amount
$4,400,000
Mortgage Payment
$27,811
Maintenance
$0
Estimated Yoreevo rebate
$91,667
Estimated closing cost
$131,000
Total monthly cost $27,811
Buy your dream home with us and get an estimated
$91,667 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Corcoran Group

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