271 New York Avenue is an extremely rare 21' x71' corner property divided into two separate 4-story homes. This fully renovated 2-family home in the Crown Heights North Historic District is over 5200 square feet and offers two parking spots and a private roof deck. Each residence features a full floor living/dining room with an open chef's kitchen, 5 bedrooms upstairs and a massive finished rec room in the cellar.
The original doors, wooden fixtures and stained glass of this century old home were preserved while adding luxury finishes and top of the line appliances throughout including zoned heating and cooling and large laundry rooms. The residences are flooded with natural light with three exposures.
As an alternative to being a home for an end-user, 271 New York Avenue serves as a fantastic income property. It is currently configured as two residences, creating the perfect opportunity to live in the home while renting one apartment out, or allowing the owner to fully utilize it as an investment property with a rent roll of $200,000 annually and a cap rate of 5.7%. Set-up sheet available upon request.
The home is surrounded by coffee shops, grocery stores and trendy restaurants as well as stunning Prospect Park and the Botanic Gardens. Just two blocks to the Nostrand Ave 3 line, or three blocks to the President St 2 and 5 lines, with transfers to all major subway lines.
