426 47th Street

Convert to a beautiful Sunset Park home or use as a rare legal five family investment property with a projected 6.5% cap rate. This federal brick townhouse has four floors of beautiful original details with approximately 1783sf of unused FAR. Some of the original details include a decorative fireplace, tin ceilings, pine wood flooring and original wood moldings. The building was originally used as a one family home with a maid quarters on the fourth floor and has since been converted to a five family townhouse. The 1st floor layout is a living room, kitchen, bedroom, bathroom and hallway access to a beautiful backyard. The 2nd floor consists of a living room, dining room, bathroom, bedroom w/ walk-in closet and a kitchen. The 3rd floor has two apartments: 3F has one bedroom, L/V, kitchen & bathroom; 3R is a two room studio with bedroom/LV, kitchen & bathroom. Up to the 4th floor is a bedroom, eat-in kitchen, bathroom and storage room. The basement has the utility room and the building has been well maintained with updated plumbing, electrical and gas pipes. Convenient location with the subway only two blocks away and all the shopping/restaurants on 5th Avenue just up the street.