158 18th Street

New to the market for the first time in 20 years. 158 18th Street is a gracious Three Family Home located in prime South Slope just 1 block from a brand new R train stop. Currently configured as three floor-thru apartments, the Garden floor is comprised of a welcoming living space with two bright windows and decorative fireplace, large renovated open kitchen, bonus office, renovated master bath with radiant heated floors, large soaking tub and free standing shower with glass tile, Washer/Dryer, as well as queen sized master bedroom with en suite access to the spacious lush garden/backyard. The second floor enjoys a bit more square footage and features two bedrooms, 1 bath, plus an open kitchen and large North facing living with two large windows. Lastly the third floor is the owners duplex, also featuring a bright living space with original tin ceilings, open kitchen with vaulted ceilings, two bedrooms and a bonus loft space which can be used in a variety of ways. The property also features a full basement and walkup attic for amazing storage. The entry foyer and center stair case have been lovingly restored, the staircase features additional pockets of storage and a skylight crowns the building flooding the stairway with light throughout the day. This home is in move-in condition with upgrades throughout including new boiler & heater. Perfect for Investors or End Users alike, this unique home offers much flexibility, keep the existing floor plan for a amazing income producing property at a 4.7% Cap Rate or combine the units to make a bespoke townhome of your own. And with an additional 1,803 square feet of FAR available one could even convert to individual condos. The lot size is large at 20.00×100. This property is centrally located with a demanding retail and residential market, suitable for living or investment. This is a rare opportunity to acquire a property with huge potential at an under market value price. Call today, will not last long!