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651 Vanderbilt Avenue #3
Condo in Prospect Heights •  building info
2bd • 1ba
Sold price

$2,700,000

Key Details
Days on market
174
Last price change
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Estimated payment
$14,790
Taxes
$0
Monthly common charges
$0
Description
All showings by private appointment only. An incredible investment opportunity awaits on one of Brooklyns premier retail corridor in Prospect Heights. 651 Vanderbilt Avenue is a stunning, brick, 3 story, mixed use townhouse with a thriving retail space and two free market, 3 bedroom apartments situated just blocks from the Prospect Park promenade. This 18.75 ft x 55 ft building with a classic, well-maintained 1930s brick faade, sits on an 18.75 ft x100 ft lot creating an incredible 3,100 sqft above grade with an over 1000 sqft basement and a huge backyard. As currently configured, this 3 Unit mixed use building generates a 5% cap rate and is a turnkey money maker with an abundance upside for years to come. The savvy investor can untap its true potential with over 4,400 sqft of unused FAR or consider it as an owner occupier of the available vacant residential or for future business endeavor. The thriving and established retail space features a highly respected wine store that sits on one of the most well trafficked commercial corridors in Brooklyn and the two full floor apartments feature warm, inviting 3 bedroom layouts with large windows allowing for an abundance light and picturesque sunsets. 651 Vanderbilt Avenue is located just 3 blocks from Grand Army Plaza, Prospect Park which offers a plethora of social, cultural events the farmers market as well as blocks to all the major cultural institutions like the Brooklyn Museum, Brooklyn Central Library, the Brooklyn Botanic Gardens and many more. This location is truly a focal point to all must have amenities and established retails in Prime Prospect Heights, a premier Brooklyn neighborhood offering popular variety of restaurants, coffee shops, and trendy retail stores. It also offers fantastic public transportation of the B,Q,2,3 Subways. Do not miss this chance at this rare offering at 651 Vanderbilt Avenue. Additional photos and videos are available upon request.

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Important Stuff
Pets allowed
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
Common Charges
$0
Taxes
$0
Estimated closing cost
$97,000
Total monthly cost $14,790
Listing Courtesy of Corcoran

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