Updated 5 years ago
Off Market
217 Cumberland Street
Fort Greene, Brooklyn | De Kalb Ave & Lafayette Ave
22 Rooms10 Beds6 Baths4,000 Square FeetIncome Property
$3,150,000
floors / apts4 / 6
Lot Size21'x94'
Built Size21'x45'
ZoneR6B
Building TypeTownhouse
RE Taxes$13,116
Price Per SF
$788
Outdoor space and views
- Garden
Building Amenities
- Sprinkler System
Property Description for 217 Cumberland Street
Sprawling 21' wide, 6 unit townhouse on the corner of Fort Greene Park. Excellent condition with many recent upgrades. Mix of Free Market and Rent Stabilized apartments.
Strong rent roll ($16,737/mo)
Low Expenses ($2,238/mo - includes Super)
Great Initial CAP rate at $3.25M of 5.5%
Easy upgrade and make this a 6%+ CAP
BUILDING FEATURES & UPGRADES:
- SPRINKLER SYSTEM
- Full Occupancy
- Hardwood Floors and Original Moldings
- Recently Renovated Bathrooms
- Upgraded Kitchens
- Landmark Building with new Cornice
- New/Replaced Gas Line, Sewer Line
- New Boiler
Fort Greene needs no introduction. 217 Cumberland enjoysviews of the park with the bonus of being on a side street. Situated accross from Walters and within blocks of Dekalb BQ for quick access to Manhattan, Clinton Hill, Prospect Heights and some of the best restaurants in Brooklyn (Evelina, Emily's, Miss Ada, Olea, more!).
Currently best suited for an investor, an owners triplex may be possible for the bottom 3 floors.
Listing History for 217 Cumberland Street
Now
12/21/2021
TOM by Grant Braswell
Compass
11/02/2021
$3,150,000 [-$100,000] [3.1%]
Price Drop by Grant Braswell
Compass
Building Details for 217 Cumberland Street
OwnershipIncome Property
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts4/6
Transit and Citi Bike
Subway
Fulton St
0.2 miles
Lafayette Av
0.23 miles
Clinton-Washington Avs
0.33 miles
Atlantic Av-Barclays Ctr
0.4 miles
Nevins St
0.41 miles
Railroad
Atlantic TerminalLong Island Rail Road
0.42 miles
Citi Bike
Cumberland St & Lafayette Ave
0.13 miles
DeKalb Ave & S Portland Ave
0.13 miles
Fort Greene | Brooklyn
Quick Profile
Conveniently situated just north of the beautiful and lush Prospect Park, Fort Greene is rich with history. Representative of an aesthetic that Brooklyn is often associated with--the brownstone and row house architecture being an institution of the community--Fort Greene is decidedly singular in visual style. As part of the National Register of Historic Places, this South Brooklyn neighborhood offers unique charm and plenty of character.
Beginning with its early military-oriented inception (the territory was central to the Battle of Long Island), Fort Greene has always been recognized for its spaciousness and a sense of openness. Filled with nature and greenery, it is also home to its very own eponymously named park in addition to being in close proximity to Brooklyn’s largest recreational area, Prospect Park (containing the beloved Prospect Park Zoo within it).
Many residents come from different socioeconomic backgrounds and commute to their workplaces in Manhattan, while keeping Fort Greene as their separate haven. The diversity of the area has proven to be one of the few examples of a Brooklyn neighborhood maintaining its roots in part thanks to its protected status.
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: 82099TH
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