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29 Herkimer Street
Condo in Bedford-Stuyvesant •  building info
9bd • 4ba
Sold price

$1,938,880

Key Details
Days on market
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Last price change
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Estimated payment
$10,100/mo
Taxes
$507/mo
Maintenance
N/A
Description
Appointment required for all showings, please reach out to the Sotheby's listing agent for one. Welcome to 29 Herkimer, an impeccably upgraded and meticulously maintained four-story brownstone in the heart of Prime Bedford-Stuyvesant! This turn-key townhouse prints money Day 1. The vacant penthouse unit lets you live here while your tenants pay your mortgage, or gives you the option to add a market-rate tenant to the rent roll. 29 Herkimer is a great investment property for beginners to cut their teeth on. This expansive 20 wide Neo-Grec colossus yields 3,360 sf of residential space across four stories. Each unit has undergone thoughtful upgrades while preserving many of the original details that lend character to the property. TENANTS PAY THEIR OWN HEAT. All tenants are month to month and the penthouse is vacant. This allows for maximum optionality and cashflow with minimal vacancy. Your rent maximizing configuration: The Garden Unit = 2 beds + 1 bath, The Parlor Unit = 1 bed + 1 bath, Units 2 and 3 = 3 beds + 1 bath each All bedrooms are generously sized, and the bathrooms are notably spacious, each equipped with a tub and oversized windows. Herkimer is the quiet side street between the arterial retail corridors that are Fulton, Bedford and Atlantic. Curb appeal and convenience converge at 29 Herkimer. Situated on a picturesque, tree-lined street in Bedford-Stuyvesant, 29 Herkimer is conveniently located mere steps away from a vibrant array of restaurants, bars, cafes, grocery stores, and shops. Additionally, it enjoys proximity to several playgrounds and community gardens, as well as notable cultural institutions like the Brooklyn Children's Museum and the Bedford-Stuyvesant Museum of African Art. Commuting anywhere between Manhattan and Montauk is a breeze with easy access to the Nostrand Ave A/C subway lines and the LIRR. Near the Nostrand AC subway (1-minute walk), only seven stops separate you from Manhattan (a 13-minute ride). This home is a fantastic opportunity for an astute investor or an end user looking to lease out units while enjoying the comfort of living in one themselves. Don't miss the chance to be a part of the flourishing Bedford-Stuyvesant community at 29 Herkimer!

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Important Stuff
Pets allowed
Washer/Dryer in unit
Home features
Dishwasher
Hardwood floors
Building amenities
Services and facilities
Fios Available
Laundry in Building
Shared outdoor space
Courtyard
Garden
Building info

History
What it'll cost
Purchase price
$2,000,000
Asking Price: $2,000,000
Term
30 Years
Down Payment
$400,000 (20%)
Min: 20% (400,000)
Rate
6.0 %
Mortgage Amount
$1,600,000
Mortgage Payment
$9,593
Common Charges
$0
Taxes
$507
Estimated closing cost
$73,000
Total monthly cost $10,100
Listing Courtesy of Sotheby's

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