864 President Street, Brooklyn, NY 11215

Rarely Available!Buyers loss is your gain! First time back on the market!This historic and elegant 5 story + basement, Victorian Brownstone is located on an ultra prime Center Slope tree-lined block. Built 20x50 + extension, lot 20x100 with 5,000 SF of living space, FAR is 3 with possibility of another 1000 SF buildable (please consult your architect). One block from Park and 7th avenue. Short stroll to Grand Army Plaza train. Zoned for PS 321.The townhouse is currently configured as a 7 family with 5 free market apartments and 2 stabilized. All apartments are in excellent condition and 2 have been newly renovated. New boiler installed in 2014. Three have original Victorian details, 12'ceilings,pocket doors, stained glass, decorative mantles, parquet floors, ornate moldings, bay windows and South facing sunny garden.Opportunities are endless: keep as a 7 family with continual rent increases. Condo conversion selling at well over $1200 a foot in similar prime location. Convert for your own use and still get income and tax write offs.Expenses: Real Estate Taxes: $21,263Water/Sewer: $ 4,066Heat/Fuel:$13,500Electric: $1,280Insurance: $3,300Repairs/Maint.: $3,500Hallways / Garbage: $3,960Misc.: $600Total Expenses: $51,469Monthly Income: $15,351Annual Income: $184,212NOI: $132,743