Welcome to 5G, a spacious one bedroom in the heart of Brooklyn Heights, in an elegant mid-century co-op. This is a unique opportunity to buy a perfect primary residence or pied-a-terre at a very low cost due to the co-op's land lease which expires in 2043. Enjoy the flexibility to… Read More sublet at any time for as long as you want, and ALL utilities are covered in maintenance. The large, light-filled living room faces southwest with street and skyline views, and room for a dining area by the corner window. The floors are the original parquet, and there is a window a/c. The separate, windowed kitchen and appliances need renovation. The bedroom has a lovely southern exposure, a window a/c and can easily accommodate a queen-sized bed. There are four closets in the unit- a walk-in coat closet, a linen closet and two closets in the bedroom. Electric, heat, hot water and cooking gas are included in the maintenance Wait-listed storage, and bike storage, can be found in the basement is available for an additional fee. The co-op employs a live-in super, a porter, and a doorman whose hours are Monday through Friday 9am- 5pm Pet-friendly to cats and dogs Subletting is allowed with board approval as soon as you become shareholder, and for as many years as you want. Bright and newly renovated laundry room Verizon FIOS is available Two elevators Wheelchair accessible Permits trust purchases, co-purchases, gifts, and pied-a-terres. No LLCs. The flip tax (7.5% of the profit between purchase and sale) is paid by seller There is a capital assessment of $196.40 per month which ends on June 1st, 2031 *The co-op's land lease expires in December 2043 and is reason the apartment is priced so far under-market for a typical one bedroom. There is no right to live there beyond 2043 once the land lease expires. Banks do not lend in this building due to the relatively short term of ownership offered, so we are looking for an all-cash buyer. Priced accordingly! The Brooklyn Heights Promenade is two blocks away and the stunning Brooklyn Bridge Park is also very close. Enjoy outdoor dining opportunities on Montague Street and bustling Atlantic Avenue, and the convenience of local gourmet food stores and supermarkets. Your local trains are the 2/3, A/C, R, F, 4/5 and you can use the East River Ferry at Atlantic Ave or Dumbo. Let’s do this! Read Less
Listing Courtesy of: Cordelia K Stephens, Compass, 212-913-9058.
Listing Snapshot
Days Online
19
Last Updated
Property Type
Apartment
Beds
1
Full Baths
1
Year Built
1950
MLS Number
RLS20066969
30 Days Snapshot Of 11201
$2.23M
+21%
(avg) sold price
38
+26%
homes sold
Snapshot
Area Map
Additional Details
Building
Entry Level: 5, Features: Elevators, Living Area Units: SquareFeet, Rooms Total: 3, Structure Type: MultiFamily
Interior Features
Interior Features: WalkInClosets
Lot
Land Lease YN: t
Property
Property Sub Type: Apartment, View YN: t, View: CityLights, City
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by The Anwar Team at Compass. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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