1709 Park Place, Brooklyn, New York, 11233

1709 Park Place offers a wonderful opportunity for a savvy investor looking for a hassle-free investment with great rental return already in place. Start collecting great income from day 1!
It’s all about the LOCATION LOCTION, this 5 years young newly constructed building is located in one of Brooklyn’s most sought-after neighborhoods of historic Crown Heights. 4 floors Plus a full finished basement. Each floor holds 2 apartments. Each apartment has a nice open floor plan with 1 spacious bedroom, 1 full bathroom, ample storage closets, kitchen with stainless steel appliances and granite counter tops, beautiful hardwood floors and high-end fixtures. Come outside, the extra deep back garden
is a rare find, made possible by the 127- foot lot. The building also has a basement with a laundry room for comfort.
All 8 apartments are currently producing high rental income; all tenants are paying their own heat and electric. Great location- minutes from Lincoln Terrace Park, vibrant President Street, Eastern Parkway, Beautiful Shopping, coffee shops, boutiques, The children’s museum, The A/C 2/3/4 &5 subway lines and so much more.
The owner has minimal expenses for the building with another 25 years left of TAX ABATEMENT.
Gross yearly rental income is $199,803.