783 Lexington Ave

Rising above the rest in one of the hottest emerging neighborhoods of Brooklyn. This rare five story townhouse offers an almost unbelievable combination of features with two (2) units: A spectacular upper 4-plex with private yard and two (2) private roof decks, and a garden floor-thru rental.

This solid home is newly built by master builders and expertly blends classic townhouse elements such as the hand-laid brick facade and black cornice with modern comforts like a thermal glass wall overlooking the garden and zoned central heat and AC.

The owner's 4-plex apartment begins on the grand parlor floor with 10 foot ceilings, herringbone floors, and chef's kitchen overlooking a private garden. Upstairs are three bedrooms including an impressive master suite plus an additional room perfect for 4th bed/Art Studio/Cinema Room/ or Play Room. Finally, the top floor includes a lounge/5th bedroom and two (2) private roof decks.

The ground floor rental would easily get $2200/month in rental income. That's enough to pay for a $500,000 mortgage. For an investor, this property would provide income (approx. 5% Cap rate) today and superb appreciation. The upper apartment could rent for up to $6000/month as a 5 bedroom. Expenses are exceptionally low since and all utilities are separate.

Trains and transportation here are exceptionally convenient with easy access to the J,M,Z Manhattan, Williamsburg, Bushwick and of course Bed Stuy.

This listing courtesy of Douglas Elliman