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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 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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

 

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