Updated 11 years ago
Sold
603 Vanderbilt Ave
Prospect Heights, Brooklyn | Bergen Street & Saint Marks Ave
5.5 Baths5,324 Square FeetIncome Property
$2,200,000
floors / apts4 / 4
Lot Size20'x80'
Built Size20'x40'
ZoneR7A
Building TypeTownhouse
RE Taxes$4,296
Price Per SF
$413
This property was sold for $2,200,000 on 07/18/12.
Listing Features
- Original Details
- Gas Heat
- Window AC Units
Outdoor space and views
- Terrace
Building Amenities
- Voice Intercom
- Roof Deck
- Sprinkler System
Property Description for 603 Vanderbilt Ave
> 603 Vanderbilt Avenue is an IDEAL INVESTMENT PROPERTY located at corner of Vanderbilt Avenue and Bergen Street in the heart of the flourishing Vanderbilt Landmark District of Prospect Heights.
> Fully occupied, the building has a net operating income of more than $150,000.
> It is a blend of early 1900's brownstone architecture improved by an innovative two-story addition and a penthouse in 2007.
> All the building mechanicals date from 2007/8, including a new gas boiler and sprinkler system.
> The successful commercial occupant has a 15 year lease with 5% annual increases, pays 25% of all tax increases and all water charges in excess of $650/year, with owner's water share increasing 5% a year.
> The four sought-after residential units include a 1 bed/1.5 bath duplex with a terrace, two 2 bed/1 bath corner apartments, and one 3 bed/2 bath penthouse.
> All enjoy new fully-complemented kitchens plus generous light and space.
> The area is surrounded by transportation (Q, B, 2, 3, and C trains) and favorite Brooklyn landmarks like the Brooklyn Museum, Prospect Park, the Brooklyn Botanical Gardens, and historic Park Slope, making the apartments extremely desirable to renters and creating a very low vacancy rate.
> Vanderbilt Avenue itself is undergoing a continuous renaissance of new businesses, soon to be enhanced by the new Brooklyn Nets Stadium and nearby Atlantic Yards.
> A complete income and expense setup is available upon request.
Listing History for 603 Vanderbilt Ave
Now
07/21/2012
$2,200,000
Sold and Closed by Dan Brady
Corcoran
03/27/2012
Contract Signed by Dan Brady
Corcoran
Building Details for 603 Vanderbilt Ave
OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts4/4
Transit and Citi Bike
Subway
7 Av
0.27 miles
Clinton-Washington Avs
0.3 miles
Grand Army Plaza
0.32 miles
Bergen St
0.38 miles
Railroad
Atlantic TerminalLong Island Rail Road
0.49 miles
Citi Bike
Bergen St & Vanderbilt Ave
0.01 miles
Prospect Pl & Vanderbilt Ave
0.12 miles
Prospect Heights | Brooklyn
Quick Profile
Prospect Heights is a small residential neighborhood surrounded by big attractions. It’s rich in culture and offers the perfect blend of old Brooklyn charm and modern-day hipness.
Residents of this tight-knit community include young professionals, families and long-time residents. It’s a walkers paradise - just steps from Prospect Park and a short walking distance to neighborhoods like Downtown Brooklyn, Fort Green and Clinton. You’re close to culture too. Brooklyn Museum, Brooklyn Library, Brooklyn Botanical Garden, Brooklyn Academy of Music and the Barclays Center are all nearby.
Prospect Heights is bordered by Flatbush Avenue to the west, Washington Avenue to the east, Atlantic Avenue and Dean Street to the north and Eastern Parkway to the south.
Prospect Heights, like many areas of New York City, was first inhabited by indigenous tribes and eventually settled by the Dutch and turned into farmland.
A significant part of the Revolutionary War was fought in Prospect Heights and the surrounding areas. Known as the Battle of Brooklyn, it was the first military engagement following the Declaration of Independence. Things didn’t go so well for American forces so they retreated and the British occupied Manhattan for several years after the Battle of Brooklyn.
In 1867, the opening of Prospect Park caused major housing growth in Prospect Heights. The middle-class neighborhood was soon populated by Jewish, Italian, and Irish workers. Many of which were shop-owners or employed as laborers in nearby factories.
Housing in Prospect Heights includes single-family row houses, historic townhouses, co-ops, and new luxury condos. The median listed price for a 1-bedroom in Prospect Heights is $680,000 with an average price per square foot is $944.
The neighborhood's commercial artery runs along Vanderbilt Avenue and Washington Avenue. The variety of businesses adds to the charm of the neighborhood. They include bars, pubs, restaurants and mom-and-pop stores of all types. The shops and eateries are a perfect alternative to the big-name attractions that bracket the neighborhood. It's a little bit of everything in this neighborhood.
Subways are plentiful in Prospect Heights. Its proximity to Manhattan is another perk of the neighborhood. It's about a half-hour train ride. The B, D, N, Q, R, 2, 3, 4 and 5 subway lines all serve the Atlantic Avenue/Barclays Center station. 2, 3, 4, B and Q trains cover the neighborhood and the A and C trains are nearby too.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 24447TH
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