Updated 6 years ago
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228 Monroe Street
Bedford Stuyvesant, Brooklyn | Nostrand Ave & Marcy Ave
15 Rooms11 Beds4 Baths4,800 Square FeetMulti-Family
$2,275,000
floors / apts4 / 4
Lot Size20'x100'
Built Size20'x60'
ZoneR6A
Building TypeTownhouse
RE Taxes$11,000
Price Per SF
$474
This property was sold for $2,100,000 on 04/23/20.
Building Amenities
- Voice Intercom
Property Description for 228 Monroe Street
LOCATION-LOCATION-LOCATION ... 228 Monroe is an over-sized 4 story legal 4 family brownstone which offers tremendous investment opportunity for the right investor. The building is built 2060 and 4 stories totaling 4,800 Square feet. All four units are currently set up as full floor 3 bedroom apartments, with a owner duplex being delivered vacant. All existing tenants are month to month. Each unit has separate boilers. The building's current monthly cash flow is $7,800.00, monthly taxes of $1,033.00 with tremendous rental upside. Also the perfect opportunity for a condo conversion. The property is located within a few short blocks to the A, C, and G subway lines, offering quick and easy access to Manhattan. It is also within walking distance to some of the best bars and restaurants Bed-Stuy has to offer. The subject offering provides a new owner with the opportunity to acquire a very high income producing building in a very desirable neighborhood.Owner motivated.
Listing History for 228 Monroe Street
Now
04/23/2020
$2,100,000
Sold and Closed by Ian Parker
Corcoran
02/03/2020
Contract Signed by Ian Parker
Corcoran
Building Details for 228 Monroe Street
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/4
Transit and Citi Bike
Subway
Nostrand Av
0.33 miles
Bedford-Nostrand Avs
0.35 miles
Franklin Av
0.44 miles
Railroad
Nostrand AvenueLong Island Rail Road
0.49 miles
Citi Bike
Putnam Ave & Nostrand Ave
0.09 miles
Marcy Ave & Gates Ave
0.17 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
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: 45738TH
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