235 Richmond Street

Located on the border of Brooklyn & Queens, Cypress Hills, Brooklyn has become one of the hottest affordable neighborhoods left in Brooklyn. This legal 4-family townhouse is ideal for anyone seeking a long-term investment taking advantage of an income-generating property or multigenerational accommodations. With unlimited potential to expand in the future, this property comes with a total of 7,500 buildable sqft! The first floor has two identical railroad-style two-bedroom apartments. Both bedrooms are located at the front of the house. As you work your way towards the rear, you’ll pass through the spacious living room into the open-style kitchen. Located just off of the kitchen are a nicely designed full bath and personal access to the backyard. The second-floor apartments mirror the first-floor layout with the bonus of larger bedrooms, living room, and kitchen. The basement level has three access points, one from the outside, in the front, one leading to the lobby, and one in the backyard for added convenience. Fully finished, it boasts multiple private and common spaces including a shared laundry room. Nestled between Fulton Street and Atlantic Avenue this property has a prime location that provides many conveniences. The J/Z train is just two short blocks away, while the M4 bus stop is less than a 5-minute walk, making a commute to Manhattan and around Brooklyn a breeze. City Line Park and Highland Park are nearby and offer an array of outdoor recreational amenities. The neighborhood is abundant with dining and shopping options providing every convenience. Gross Rental Income $112,800 Taxes ($6,542) Utilities & Maintenance ($15,600) Insurance ($1,500) NOI $89,158 Unit Information 1L Vacant 1R $1,700 Month to Month 2L $1,700 1/21-1/22 2R $1,700 1/21-1/22 Basement Apt $1,600 No lease Studio $1,000 No lease