$2,999,999 $3,100,000
Updated 7 hours ago
Park Slope, Brooklyn | 4th Ave & 5th Ave
15 Rooms8 Beds4 Baths3,060 Square FeetMulti-Family

$2,999,999 $3,100,000
floors / apts4 / 4
Lot Size17'x81'7"
Building TypeLow-Rise
RE Taxes$8,228
Price Per SF
$980

Listing Features

  • Radiator
  • Window AC Units

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Garden

Property Description

Investment Opportunity!
Now available in one of the most coveted neighborhoods in Brooklyn, 636 President St is a 4-unit non-elevator building on the market for anyone looking to hold on to a steady income-producing property for years to come!

The building is part of a row of red-brick homes located on a tree-lined block between 4th and 5th avenues which offer stable tax increases year over year due in part to its tax class - 2a! With an investment like this, you’ll never have to worry about securing new tenants because of the location and the fact that it’s only 4 units means each is free market and up to your discretion when it comes to rental pricing!

This building is currently completely vacant and units are also being offered for rent; this means now is the house-hackers chance to get in before it’s too late! Rent roll estimates and estimated expense sheets can be provided upon request. Virtual tours and floor plans are available for layouts of each unit. If you’d prefer a building fully stocked with tenants please check out our other currently listed offering at 616 President St!

This is a work-in-progress opportunity for someone looking to live/rent out space without having to worry about doing all the work themselves. Each unit in the building has been updated to provide the feeling of luxury condo living in Park Slope. In each kitchen are new stainless steel appliances along with white quartz countertops. The primary bedrooms of the upper floors offer an additional auxiliary room perfect for a home office or walk-in closet space. Meanwhile, the 1st floor has access to the garden, perfect for entertaining guests! In the basement, will be rooms available for tenant storage as well as laundry to help maximize the return on investment. (Please note: the backyard still needs landscaping and the anticipated finishing of the basement will be October 2021)

The building is located 1 block over from the Union St R-Train which offers a 15-minute commute into downtown Manhattan or in 1 stop you can switch at Atlantic Terminal to transfer to the B,D,2,3,4,5,N,Q, and W Trains as well as the LIRR! Up the block is the renowned 5th avenue of Brooklyn, which lines the entirety of Park Slope gracing the neighborhood with tons of different cafes, restaurants, shopping, and much more! The Associated Supermarket is located on the same block within 2 minutes from the building and of course, you have Prospect Park which is within 15 minutes (4 long- blocks) away where throughout the year there are farmers markets, spectacular events, and a stunning amount of green space for all to enjoy!

Don’t miss your chance to take advantage of this golden opportunity. Reach out to get more information and schedule your appointment today!

Listing History

Now
10/18/2021
$2,999,999 [-$100,001] [3.2%]
Price Drop by Everett Smith
Triplemint
08/22/2021
$3,100,000
Initial Price by Everett Smith
Triplemint

Building Details

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Union St
0.11 miles
Bergen St
0.49 miles
4 Av-9 St
0.49 miles

Citi Bike

Carroll St & 5 Ave
0.06 miles
President St & 4 Ave
0.09 miles
Union St & 4 Ave
0.1 miles

Contact Agents

Contact Agents

2 Open Houses

Wednesday, January 26, 2022
5:30 PM - 6:30 PM
View this property on the company's website
2
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Park Slope | Brooklyn

Quick Profile

Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.

Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?). 

Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church. 

Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway). 

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: 81987TH