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$7,129,167
List price: $7,250,000
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123 Guernsey Street #1B
Townhouse in Greenpoint • 
building info
3bd • 2ba • 1,000 ft 2
Buy with Yoreevo

$7,129,167

List price

$7,250,000

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Key Details
Days on market
50
Last price change
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Estimated payment
$50,377
Taxes
$2,499
Monthly maintenance
N/A
Description
RARE 25' x 78' 4-story building (7,800SF + approx 1,900SF cellar) in a picturesque Brooklyn street with endless possibilities. Configured as 13 FREE MARKET rental units (currently being used as 12 units), 123 Guernsey is situated on an idyllic tree-lined street, steps away from McCarren Park, iconic Williamsburg, and trendy Greenpoint. Current Setup: 9 FM Studios 2 FM 1BRs 1 FM 2BRs 4% projected cap rate in AS IS condition (2 units have recently been renovated). It is about 50% occupied and CAN BE DELIVERED VACANT! It's an easy value-add play to create luxury rentals in a high appreciation neighborhood. For the discerning investor, CONVERT EACH FLOOR INTO CONDO to maximize return with new development condo comps in the $1400/SF range in the area. Side windows give flexibility in terms of bedroom layout and the backyard and roof can provide ample amounts of outdoor space for each unit once converted. INQUIRE ABOUT POTENTIAL DEVELOPMENT OPTIONS Setup available upon request. Showings by appointment. Details: - Lot: 25' x 100' - Building Dimensions: 25' x 78' - Square footage: 7,800SF + approx 1,900SF cellar (4-stories + cellar)

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Important Stuff
Important Stuff
Pets allowed
Washer/Dryer In Unit
Amenities
History
What it'll cost
Purchase price
$7,250,000
Asking Price: $7,250,000
Term
30 Years
Down Payment
$725,000 (10%)
Min: 10% (725,000)
Rate
8.0 %
Mortgage Amount
$6,525,000
Mortgage Payment
$47,878
Taxes
$2,499
Estimated Yoreevo rebate
$120,833
Estimated closing cost
$329,000
Total monthly cost $50,377
Buy your dream home with us and get an estimated
$120,833 rebate.
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