Description

Welcome to 1327 Prospect Place, located on a charming block in Crown Heights.
This fully renovated turn-key building is currently set up as an eight-unit open-market rental building, which is entirely vacant.
Please message me for the proforma sheet. Estimated NOI $239,448. Estimated Cap Rate 5.63%.

The developer purchased this three-story townhouse. Then, their team went through an extensive renovation from top to bottom, extending the building upwards two floors, extending the rear of the building back, which added additional square footage, and allowing some units to have private terraces and outdoor spaces.

They didn't stop there; they redesigned the entire building, giving each unit its own style with light and dark hardwood flooring, porcelain tiles, high ceilings, and modern lighting fixtures. They also added a Mitsubishi electric split system, air conditioning, and heating systems throughout, with Akuvox video intercom systems in each unit.

The kitchens were thoughtful and intentional. They added stone countertops, Whirlpool refrigerators, GE Microwaves and ovens, Maytag dishwashers, and LG washer-dryers in selected units.

All units have access to the 5th-story south-facing roof terrace and the shared laundry room in the basement. The laundry room currently has two washers and two dryers, which are coin-operated machines.

Apartment Details:
Unit 1A:
This charming studio, the one-bath duplex apartment, has an under-the-counter washer and dryer combo, a stainless-steel microwave, a dishwasher, an oven, and a refrigerator. The lower-level basement room is excellent for an office or living room and has direct access to the laundry room.

Unit 1B:
This is a stunning modern two-bedroom, 1.5-bath duplex apartment with a private backyard and a large concrete patio just off the living room with a terraced backyard and an upper-tile seating area. Great for entertaining guests and outdoor activities. The middle room has a skylight that opens to allow fresh air to fill the space. The stunning kitchen has an under-the-counter washer and dryer combo, a stainless-steel microwave, a dishwasher, an oven, and a refrigerator. The lower-level basement is excellent for an office or living room and has a half-bathroom with direct access to the laundry room.

Unit 2A:
This modern one-bedroom, one-bath apartment on the second floor has beautiful south-facing windows. The kitchen has stone countertops, a stainless-steel microwave, a dishwasher, an oven, and a refrigerator. There's room for two bar stools, which is great for eating meals, and entertaining guests.

Unit 2B:
This is a modern one-bedroom, one-bath apartment on the second floor with a large, spacious north-facing terrace with outdoor lighting. It is excellent for catching the sun's rays and enjoying the northern Brooklyn views. The kitchen has stone countertops and a stainless-steel microwave, dishwasher, oven, and refrigerator.

Unit 3A:
This is a modern one-bedroom, one-bath apartment on the third floor. The kitchen has stone countertops and a stainless-steel microwave, dishwasher, oven, and refrigerator. There's room for two bar stools, which is great for eating meals, entertaining guests, and entertaining guests.

Unit 3B:
This is a modern one-bedroom, one-bath apartment on the third floor with a north-facing balcony and stunning views. The kitchen has stone countertops with a stainless-steel microwave, dishwasher, oven, and refrigerator.

Unit 4A:
This is a modern one-bedroom, one-bath apartment on the third floor with a balcony. The kitchen has stone countertops with a stainless-steel microwave, dishwasher, oven, and refrigerator and there is room for two bar stools, which are great for eating meals and entertaining guests.

Unit PH4B:
This is a stunning modern two-bedroom, two-full-bath apartment duplex on the fourth and fifth floors. The staircase leading up to the upper primary bedroom was built with purpose and style. The primary bedroom has an ensuite bathroom with a stackable washer and dryer and a stunning terrace with Manhattan skyline views. The terrace also has outdoor lighting, which is great for relaxing outside, soaking up the sun's rays and enjoying the views. The kitchen has stone countertops and a stainless-steel microwave, dishwasher, oven, and refrigerator, and there is room for a nice-sized kitchen table for dinner parties.
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