208 Prospect Park West, Brooklyn New York 11215
Please click here for a detailed brochure : 208 Prospect Park West Sales Brochure
208 Prospect Park West is a turnkey, 4 story Brick, mixed used building with 2 street level retail stores superbly located at the crossroads of 2 amazing Brooklyn neighborhoods; Park Slope & Windsor Terrace.
There are 9; one bedroom apartments, 3; studio apartments and 1; four bedroom apartment. The two retail spaces are situated on a commercial and residential stretch of Prospect Park West, just steps from the corner and Prospect Park.
Most apartments have been renovated, maintaining original architectural features and providing modern, high end kitchens and bathrooms. Materials and finishes in the renovated units are of exceptional quality. The building has been thoughtfully and professionally maintained with an eye toward the future. The physical assets of the building and its highly desirable location assures future rental demand. There are no major deferred capital expenditures and the property has low ongoing maintenance costs.
8 residential units and 2 commercial units are free market. There are only 5 rent stabilized units in the building. For a new or out of town investor, this is an easy asset to manage. The property is highly suitable for a 1031 exchange buyer.
Park Slope and neighboring Windsor Terrace are clearly recognized as leading NYC neighborhoods. 208 Prospect Park West has the valuable distinction of being literally steps from Prospect Park, at the intersection of both neighborhoods. The building is situated at one of Prospect Park’s grand corner entrances and its beauty cannot be missed. As part of greater Downtown Brooklyn, and Brownstone Brooklyn in particular, returns on real estate in this area have been historically robust. The impeccable locale of this property assures investors of that future. Local retail is integral to the thriving residential community that surrounds it.
The F & G trains/Subway and the B61 Bus are at the nearby corners for excellent proximity to public transportation.
Please click here for a video of apartment 2C : https://youtu.be/D2I6R5IBu4g
Please contact Michael Sabin for further information:
Cell : 917 975-7491