82 Amity Street - Cobble Hill, New York
82 Amity Street is a 4 story 4 family Federal Brick townhouse located in the most desirable part of Cobble Hill. In need of a total gut renovation, this property offers an incredible blank slate ready to be reimagined, built 20' x 48' and 3836 square feet with a large backyard. This is a rare opportunity to purchase at under $800 per foot. This property presents the possibility to create an incredible 1 or 2 family home renovated to your exact tastes or it could also be a superb investment opportunity. Curate the home of your dreams at significantly less than it costs to purchase an inferior product from a developer. As an investment the numbers work for either an income property which will earn approximately a 5% cap rate or perhaps as a condo conversion. Located in the heart of Cobble Hill very close to world class shopping and dining on Atlantic Ave, Court, Smith, and Montague Streets which offer local boutiques and national brands like Trader Joes, Equinox, Barnes and Noble, Barneys. Some of NYCs best public and private schools, 85 acre Brooklyn Bridge Park, and all Subway lines are a very short walk. This is a superb purchase for a savvy buyer.
This listing courtesy of Douglas Elliman