1509 East 17th Street

Introducing 1509 East 17th Street ? A Prime, Elevator Multi-Family Building in Midwood

Combining luxury and convenience, the residences in this beautiful brick building are spacious and have undergone top-notch renovations including beautiful oak hardwood floors, stainless steel appliances, granite kitchen countertops, and living rooms with coffered ceilings and crown molding. Beyond the updates, apartments are highlighted by 6-pane designer windows and double doors to large private outdoor spaces allowing amazing natural light, huge kitchens with amazing counter space, and modern open layouts.

Constructed in 2010, the building features a private residence on each floor and, in total, 15 bedrooms and 13 bathrooms. Units range in size from 1,860 SF to 2,100 SF and 3 out of the 4 apartments each include 2 private outdoor spaces. Other features and amenities: elevator, in-unit washer/dryers, balconies/terraces and roof deck, private storage units for each apartment, private parking spaces, and fully finished basement.

Expenses:

Taxes: $1,600 annually
Water: $3,000 annually
Electricity: $3,000 annually (common area only)
Insurance: $5,000 annually
Tenants pay heat and electricity

Income:

Unit 1: $3,482 x 12 (3-bed, 3.5-bath)
Unit 2: $3,850 (4-bed, 3-bath)
Unit 3: $3,900 (4-bed, 3-bath)
Unit 4: $3,600 (4-bed, 3-bath)

4 Storage Units: $100
2 Rear Parking Spaces: $200/each
3 Front Parking Spaces: $100/each

All leases expire within a year or less