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Map
$5,500,000
↓ $500K (8.3%)
●
Townhouse -
For Sale
120 DEAN Street
Brooklyn, NY 11201
10 Beds
4 Baths
3936 Sqft
$28,332
Estimated Monthly
$0
HOA / Fees
1.13%
Cap Rate
About This Property
120 Dean Street Brooklyn, New York 11201
Proudly presenting 120 Dean Street: This legal four (4)-unit property is in the heart of Boerum Hill. Situated on a gorgeous tree-lined block, do not miss the opportunity to make this your home or the next addition to your investment portfolio. Enjoy being moments away from local staples La Vara, Leyanda, Bar Tabac, June Wine Bar, Clover Club, Paisanos, Fish Tales, and so much more. Take advantage of the proximity to Smith/Court Streets and all the major transit lines (including Borough Hall). This location is as prime as it gets! Located in the epicenter of Boerum Hill, this property is truly a trophy location!
This landmark four (4)-unit townhouse is 21 ft x 43 ft and is situated on a 21.83 ft x 100 ft lot. Currently configured with an owner's duplex on the garden level and a finished basement. This unit is currently set up as a two (2)-bedroom and one (1)-bath with access to a beautiful backyard (52'0" x 21'10"). The finished basement is a large space that is perfect for a rec room/playroom, media room, studio, home gym, or an extra bedroom (options are only limited by your imagination).
The second floor/parlor level apartment features two (2) bedrooms and one (1) bath. Both bedrooms are large enough to be fully furnished to your distinguished taste and can accommodate full bedroom furniture sets/king-size beds. The primary bedroom is 10'0" x 14'6" and the accompanying bedroom is 14'0" x 9'0". The sun-soaked living room (17'0" x 11'4") radiates good vibes and energy and overlooks the garden.
The third and fourth-floor apartments are configured as three (3)-bedrooms and one (1)- bath rental unit. All apartments are floor-through and receive multiple exposures. All units are move-in ready and can be rented on day one.
The rent roll can be significantly increased without a single renovation. Additional strategic renovations can increase the rent roll even further. This property is perfect for those looking to convert the building into a single-unit dream home in a dream location. The townhouse is also a great option for those looking to reside in one of the units while renting out the other apartments to support the mortgage. This is also an opportunity for savvy investors seeking an investment property in one of the most coveted neighborhoods in all of Brooklyn.
As an extra bonus, the bricks have been recently re-pointed, and the roof is only two (2)- years old. The owner's duplex can be delivered vacant upon closing (owner occupied). Two (2) of the Three (3) rental units have leases that expire 9/30/24 and one of the units' leases expires 10/31/2024.
Proudly presenting 120 Dean Street: This legal four (4)-unit property is in the heart of Boerum Hill. Situated on a gorgeous tree-lined block, do not miss the opportunity to make this your home or the next addition to your investment portfolio. Enjoy being moments away from local staples La Vara, Leyanda, Bar Tabac, June Wine Bar, Clover Club, Paisanos, Fish Tales, and so much more. Take advantage of the proximity to Smith/Court Streets and all the major transit lines (including Borough Hall). This location is as prime as it gets! Located in the epicenter of Boerum Hill, this property is truly a trophy location!
This landmark four (4)-unit townhouse is 21 ft x 43 ft and is situated on a 21.83 ft x 100 ft lot. Currently configured with an owner's duplex on the garden level and a finished basement. This unit is currently set up as a two (2)-bedroom and one (1)-bath with access to a beautiful backyard (52'0" x 21'10"). The finished basement is a large space that is perfect for a rec room/playroom, media room, studio, home gym, or an extra bedroom (options are only limited by your imagination).
The second floor/parlor level apartment features two (2) bedrooms and one (1) bath. Both bedrooms are large enough to be fully furnished to your distinguished taste and can accommodate full bedroom furniture sets/king-size beds. The primary bedroom is 10'0" x 14'6" and the accompanying bedroom is 14'0" x 9'0". The sun-soaked living room (17'0" x 11'4") radiates good vibes and energy and overlooks the garden.
The third and fourth-floor apartments are configured as three (3)-bedrooms and one (1)- bath rental unit. All apartments are floor-through and receive multiple exposures. All units are move-in ready and can be rented on day one.
The rent roll can be significantly increased without a single renovation. Additional strategic renovations can increase the rent roll even further. This property is perfect for those looking to convert the building into a single-unit dream home in a dream location. The townhouse is also a great option for those looking to reside in one of the units while renting out the other apartments to support the mortgage. This is also an opportunity for savvy investors seeking an investment property in one of the most coveted neighborhoods in all of Brooklyn.
As an extra bonus, the bricks have been recently re-pointed, and the roof is only two (2)- years old. The owner's duplex can be delivered vacant upon closing (owner occupied). Two (2) of the Three (3) rental units have leases that expire 9/30/24 and one of the units' leases expires 10/31/2024.
Unit Size
3,936Ft²
Days on Market
53 days
Land Size
0.05 acres
Price per sqft
$1,397
Property Type
Townhouse
Property Taxes
$1,326
HOA Dues
-
Year Built
1849
Listed By
Last updated: 4 days ago (RLS #RPLU-33422866528)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 10, 2024 | Price Decreased |
$5,500,000
↓ $500K
(8.3%)
|
|
Price Decreased | |||
Mar 6, 2024 | Listed by Corcoran Group | $6,000,000 | |
Listed by Corcoran Group |
Property Highlights
Interior Details
Bedroom Information
Bedrooms: 10
Bathroom Information
Full Bathrooms: 4
Interior Information
Living Area: 3936
Room Information
Laundry Features: Washer Hookup, In Unit
Rooms: 19
Basement Information
Exterior Details
Property Information
Year Built: 1900
Building Information
Outdoor Living Structures: None
Pets Allowed: Building Yes, No
Lot Information
Lot Size Dimensions: 100.00x21.83
Land Information
Tax Lot: 0029
Tax Block: 00194
Financial Details
Tax Annual Amount: $15,912
Utilities Details
Cooling Type: Other
Location Details
Subdivision Name: Boerum Hill
Stories Total: 3
View: Other
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
4
Beds
5
Baths
4,000 ft²
$1,400/ft²
$5,600,000
Feb 21, 2023
$5,600,000
Aug 25, 2023
-
Townhouse
6
Beds
5
Baths
3,978 ft²
$1,351/ft²
$5,375,000
Mar 2, 2022
$5,375,000
Jun 28, 2022
-
House
4
Beds
4
Baths
3,678 ft²
$1,665/ft²
$6,125,000
Sep 13, 2021
$6,125,000
Feb 2, 2022
-
Sold
House
4
Beds
3
Baths
4,151 ft²
$1,325/ft²
$5,500,000
Nov 9, 2021
$5,500,000
Apr 14, 2022
-
House
5
Beds
4
Baths
3,760 ft²
$1,330/ft²
$5,000,000
Feb 3, 2022
$5,000,000
Feb 4, 2022
-
Sold
House
6
Beds
4
Baths
3,696 ft²
$1,353/ft²
$4,999,999
Mar 25, 2022
$4,999,999
Jun 24, 2022
-
Active
Townhouse
6
Beds
4
Baths
3,800 ft²
$1,574/ft²
$5,980,000
Feb 8, 2024
-
$562/mo
Active
Townhouse
4
Beds
5
Baths
3,655 ft²
$1,640/ft²
$5,995,000
Apr 1, 2024
-
$498/mo
Active
Townhouse
7
Beds
6
Baths
4,310 ft²
$1,391/ft²
$5,995,000
Mar 1, 2024
-
$2,228/mo
Active
Townhouse
4
Beds
5
Baths
4,350 ft²
$1,322/ft²
$5,750,000
Feb 27, 2024
-
$1,370/mo
Active
Townhouse
6
Beds
5
Baths
4,352 ft²
$1,494/ft²
$6,500,000
Mar 5, 2024
-
$2,396/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
120 Dean Street
120 Dean Street, Brooklyn, NY 11201
- 4 Units
- 1 Unit for Sale