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140 Monroe Street
Townhouse in Bedford-Stuyvesant •  building info
8bd • 4ba • 3,600ft² $722 per ft²
Sold price

$2,600,000

Description
Prime Investment at a Prime Location Monroe Street between Bedford and Nostrand Avenues is a leafy, quiet block in Bedford Stuyvesant, near the border of Clinton Hill. At Number 140 stands a three story, Italianate brownstone (circa 1899), configured as four free-market apartments. The entire building has been fully renovated, including all new windows, kitchens and baths. 2021 upgrades include a new roof and water heaters. The basement has tenant-friendly amenities: a cash-free, income producing laundry and generous shelved storage. Building-wide sprinklers and the wireless video system provide a sense of security for tenants and owner alike. Each of the bright floor-through apartments has been smartly designed and finished, and is separately metered for tenant-paid heat and hot water. The kitchens feature granite-topped, crisp white cabinetry, tiled backsplashes, and Frigidaire stainless steel appliances; the baths are nicely outfitted and tiled, as well. The roster of long term tenants attests to the building's many desirable qualities. Bedford Stuyvesant is widely recognized as one of Brooklyn's most vibrant and culturally rich neighborhoods, home to innovative dining, shopping and recreation. There is a City Bike dock directly across the street; nearby transportation includes the A/C, G and S trains, B52 bus line and LIRR for travel throughout Brooklyn, to Manhattan and beyond. Ideal as a savvy starter investment or valuable enhancement to a legacy portfolio, 140 Monroe Street is ready to start performing on Day One. Complete setup is available upon request.

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Important Stuff
Washer/Dryer in unit
Building Amenities
Fios Available
Outdoor Space
Garden
History
What it'll cost
Purchase price
$2,600,000
Asking Price: $2,600,000
Term
30 Years
Down Payment
$260,000 (10%)
Min: 10% (260,000)
Rate
6.5 %
Mortgage Amount
$2,340,000
Mortgage Payment
$14,790
Taxes
$1,087
Estimated closing cost
$95,000
Total monthly cost $15,877
Listing Courtesy of Brown Harris Stevens

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