224 Monroe Street, Brooklyn's Bedford-Stuyvesant Area
An outstanding investment opportunity in the prime Bedford-Stuyvesant area.
224 Monroe is an enormous four story four family brownstone, built in 1931 as a 20 X 60 structure, this location is four stories totaling 4800 square feet.
This property is an income producing gem, where all four units are currently set up as full floor three-bedroom apartments and the first-floor apartment is duplexed with the basement. As an investment opportunity this building is fully vacant and ready for an investor renovate and remodel. Given this building's rare 20×60 build, it provides an endless stretch of opportunities, it can be retained as a four-family residence, be easily convert into 6 units, and further developed in condos.
The property is located within a short distance of the A, C, and G MTA lines, offering quick and easy access to Manhattan. In addition to its size and access to transportation this location is also within walking distance of several bars and restaurants within the local area.
In essence, this property is a valued investment, offering a new owner the opportunity to recapture their investment in a very desirable, established, and growing neighborhood.
DIMENSIONS: 4,800 ft² ($416 per ft²) 24 rooms, 12 beds, 4 baths
SPECIFICATIONS: Multi-Family Home
SELLING PRICE: $1,999,000
Contact Agent: Harry Bouzaglou