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Sold
385 Vernon Ave Unit: 1
New York City NY, 11206
$4,700,000
$321.59 per sqft
Sold
32 Beds
14,615 sqft
Townhomes
This 2007 building includes 16 residential units (all 2 bedroom, 1 bath with semi-private front terraces), with roof deck, laundry room and basement storage and 6 parking spaces. One block from the Broadway-Myrtle J-M-Z trains station, it' s less than 15 minutes into lower Manhattan on the local and just two stops on the ex-press. Currently self-managed, non-tax non-insurance expenses are consistently less than $10,000 per year. 11206 is one of the fastest changing and appreciating zip-codes in the country and has experienced a recent spike in rent average two bedrooms in the neighborhood now exceed $2,300 per month. Current leases in this building are all at $1,650 and $1,700 per month and many tenants are still original occupants. The area's lack inventory of apartments and the building's recent construction make this building an excellent candidate for condo conversion. Nearby condominium re-sales are asking between $457-594 per square foot.
Bushwick - Bedford-Stuyvesant Border. Around the corner from Myrtle-Broadway J-M-Z
RLMX-0038244922
MLSⓇ ID
February 27, 2024
Updated
Map
385 Vernon Ave Unit: 1
New York City NY, 11206
Interior Features
Total Stories
4
Bedrooms
32
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Exterior Features
Building Roof Deck
Other Property Details
Garage
No
View
No
County
Kings
Pool
No
Listed by Maya L. Karaca with New York Living Solutions
Listing Contact: (212) 838-3700
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 2/27/2024 at 6:43 PM UTC