Updated 6 years ago
Off Market
1368 Saint Marks Ave
Bedford Stuyvesant, Brooklyn | Buffalo Ave & Ralph Ave
12 Rooms6 Beds3 BathsMulti-Family
$950,000
floors / apts3 / 3
Lot Size18'x100'
Built Size18'x45'
ZoneR6
Building TypeTownhouse
RE Taxes$3,096
Outdoor space and views
- Garden Views
Building Amenities
- Voice Intercom
Property Description for 1368 Saint Marks Ave
The Ideal property for a savvy buyer or investor. Very rare do you find an income producing property such as this one in move in condition. From day one of your purchase you will find yourself earning positive cash flow your investment, whether you're and investor or enduser. If you're an investor renting the entire property as 2 separate 2 1/2 bedroom apartments, one 2 bedroom apartment and a full height basement which is easily accessed from the outside of the building, you will enjoy earning a return investment of an approx. 6% - 7% cap rate. If you're a home owner wanting to occupy the building while renting the additional 2 units, you can enjoy the benefit of the two rental units covering your monthly mortgage cost. Located in the Crown Heights section of Brooklyn, a few minutes to the C train at Ralph Ave. this property is ideal for anyone looking to capitalize on an investment property or the perfect place to call home.
Currently 2 units of 3 are vacant.
Property delivered vacant
Listing History for 1368 Saint Marks Ave
Now
05/29/2020
POM by Jevon Gratineau
Compass
03/30/2020
Contract Signed by Jevon Gratineau
Compass
Building Details for 1368 Saint Marks Ave
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/3
Transit and Citi Bike
Subway
Ralph Av
0.39 miles
Citi Bike
St Marks Ave & Ralph Ave
0.07 miles
Bergen St & Buffalo Ave
0.13 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: 74796TH
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