64 DE SALES Place, New York City, NY 11207

  • $1,450,000
  • $1,595,000
Active
64 DE SALES Place, New York City, NY 11207
  • $1,450,000
  • $1,595,000

Overview

Property ID: RPLU-1032523010982
  • Townhouse, Residential
  • Property Type
  • 5
  • Bedrooms
  • 2
  • Bathrooms
  • 810
  • Square Feet
  • 1905
  • Year Built

Description

Nestled in the vibrant heart of Bushwick, Brooklyn, 64 De Sales Place is a sterling investment opportunity that combines modern living with lucrative earning potential. This elegant 2-family townhouse, built in 1905, has been beautifully updated to offer stylish, sun-drenched living spaces and a private backyard oasis, a rare luxury in the city. Each of the two units features its own entrance, enhancing privacy and flexibility.

Spanning two units and basement storage with an average rent of $3,150 per unit, this property showcases a solid financial profile with a potential gross income of over $7,300 monthly, factoring in a 10% vacancy rate. The rents are attractive, with Unit 1 at $3,300, Unit 2 has a current tenant in place until September at $2,999, and additional income from basement storage at $1,000 monthly.

Offered at a purchase price of $1,595,000 with an entry cap rate of 4.65%, 64 De Sales Place stands as a compelling investment in a Qualified Opportunity Zone, promising both a comfortable living environment and excellent financial growth potential. With strong rental demand in Bushwick, this property not only serves as a beautiful home but also a smart investment in one of Brooklyn’s most dynamic neighborhoods. Don’t miss out on this remarkable opportunity-schedule your tour today to see why this is such an exceptional deal!

Details

Updated on October 31, 2024 at 7:49 pm
  • Property ID: RPLU-1032523010982
  • Price: $1,450,000
  • Property Size: 810 Square Feet
  • Bedrooms: 5
  • Rooms: 12
  • Bathrooms: 2
  • Garage Size: x x
  • Year Built: 1905
  • Property Type: Townhouse, Residential
  • Property Status: Active

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Jerry Wang
  • Jerry Wang