Description

High-Yield Free-Market 4-Family Townhouse in Prospect Heights

An opportunity to own a fully free-market, income-producing 4-unit townhouse in one of Brooklyn's most desirable neighborhoods. Located on a quiet stretch of Washington Avenue in Prospect Heights, near the vibrant cafés, restaurants, and shopping that define the area, this property currently provides strong annual income, low taxes, and long-term upside.

All four units are leased to reliable, qualified tenants and are fully free-market, offering maximum flexibility for an investor. The building delivers a strong current cap rate of 5.75%, with opportunity to increase revenue through simple cosmetic updates.

Configured as four spacious, full-floor one-bedroom apartments, each unit features a thoughtful layout with a large bedroom in the front, a living area in the center, and the kitchen at the rear with room for a small dining table. The apartments are bright and inviting, showcasing hardwood floors, high ceilings, good closet space, and charm throughout. The windowed kitchens provide ample cabinetry and counter space, while the tiled bathrooms are in good condition.

The ground-floor apartment enjoys exclusive access to a private backyard, a serene and fenced outdoor space that enhances its appeal and rental value.

This prime location offers the best of both worlds: peaceful residential living with close proximity to the lively dining and cultural scenes of Prospect Heights and Crown Heights. Nearby attractions include Prospect Park, the Brooklyn Museum, and the Brooklyn Botanic Garden, with the 2, 3, 4, 5, A, C, S, B, and Q trains all within easy reach.

For investors seeking a low-maintenance asset with strong cash flow, low carrying costs, and room for growth, this property is a standout. Be in touch for financials or to schedule a showing. Listing courtesy of Corcoran Group ...
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