1855 Prospect Place

1855 Prospect Place is 2 unit brick townhouse with a 6% cap rate! This oversized lot allows for approximately 2,600 of buildable square footage, a unique and special opportunity that isn't easy to find.
Built 20 feet wide and 52 feet deep on a nearly 128-foot lot, this home features two wonderful apartments.
The 3 bedroom, 2 bathroom duplex has two entrances and includes direct access to the 55 ft back yard. A new Cederwood fence outlines the perimeter of the multi-level yard featuring a sunken wooden deck that was built less than a year ago. The parlor level includes 2 bedrooms plus a home office in the back of the house. The newly renovated bathroom features a top of the line vanity with incredible storage, stylish fixtures, and a dual flush wall hung toilet to maximize space. The recently updated kitchen comes complete with full size stainless steel appliances, including a Maytag Refrigerator and Frigidaire oven. Downstairs, the finished basement with full height ceilings has an additional bedroom and full bathroom, a washer dryer hookup, tons of recreation space, an internal staircase and a separate entrance. This spacious apartment has a projected rent of $3,300/month.
Up on the top level, youll find an apartment with 3 bedrooms, 2 full bathrooms, and a washer dryer. Current annual income on this apartment is $22,200 and there is room for immediate upside upon closing.
Easy street parking, and walking distance to the Rockaway Ave C train, Broadway Junction and express buses.