Property Description for 604 East 7th Street
Incredibly rare value for a savvy buyer to invest or live mortgage-free! With a footprint of 22 x 45, 3 stories plus finished English basement with tall ceilings, the possibilities are endless with this highly coveted 3-family home. Currently configured as two 3-bedroom 1 bath apartments, and one 2-bedroom 1 bath apartment, this house can yield a respectable 4.5% cap rate. Or, easily reconfigure it as a spacious duplex with 2 high-income rentals, or a sprawling triplex with one high-income rental. No matter how you choose to use it, you will not find a better value proposition in Brooklyn!
This solid sun-filled sprawling home is fully detached and has a 2-car garage (!) on a 35 x 100 lot, a welcoming porch overlooking a lush front garden, and a spacious backyard for entertaining. Beautiful hardwood floors throughout, original built-ins, gorgeous bay windows, stained glass details. All the ingredients you need to easily create the home of your dreams.
Located on a treelined block near Cortelyou Road, convenient to the F train at Ditmas Ave, and the Q at Newkirk.