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197 Chestnut Street, HOUSE
Brooklyn, NY 11208
Cypress Hills

Off Market

Property Type
House
Estimated Size
N/A
Price per ft²
N/A
Bedrooms
0 Bedrooms
Bathrooms
0 Bathrooms
Home Style
TH Single Family
Common Charges
N/A
Taxes
$14,739
Tax Deduction
N/A
Financing Allowed
N/A
New Development
N/A
Building
197 Chestnut Street
Building Year
N/A
Building Floors
3 floors
Building Units
N/A
Middle School
171
Elementary School
PS 65
Days on RealDirect
N/A

The subject properties combine for 12 residential units in the emerging neighborhood of Cypress Hills-Brooklyn, NY. The buildings are located specifically on the east side of Chestnut Street between Fulton Street and Ridgewood Avenue. The properties are identical in that they each contain 6, railroad style, (2) bedroom apartments. The current rents are vastly under market at $10 per square foot. The current market rent for the Cypress Hills area is $24 per SF giving this building package tremendous upside. The two buildings are also located very conveniently to New York City mass transit. The J subway line is located just 1 blocks away at the Crescent Street station.

Features

  • No Features Specified

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Mortgage Calculator

Mortgage Amount

$550,000

This property allows up to 0% financing. You may need to increase your down payment.

Mortgage Payment

$2,200

Total Monthly Payment

$2,900

Listing History

April 4, 2015 Delisted $1,250,000
Feb. 27, 2015 Delisted $1,250,000

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