487 9th Street

CENTER SLOPE MULTI-FAMILY! Built in 1920 by architect and builder Jacob Roth, this Park Slope Renaissance Revival four-story townhouse resides on the north side of 9th Street between 7th and 8th Avenue, and is a rare opportunity to own a prime Park Slope investment property in exceptional condition. Currently configured as four floor-through apartments and a windowed basement, 487 9th Street is 20 ft. wide by a whopping 60 ft. deep, and sits on an 80 ft. deep lot which makes for a large backyard. Having been beautifully maintained by the same family for over 70 years, this pristine home features a yellow brick facade, a gorgeous oak vestibule, updated windows, roof and mechanicals, great ceiling height on every floor, absolutely incredible sun exposure, original details, and a full staircase up to the roof to create the perfect roof deck with full city views. All apartments are three bedroom units with the exception of the first floor, and the first and second floor apartments are renovated with the third and fourth floors in need of some cosmetic updating.Located one block from Prospect Park and close to every Park Slope amenity, 487 9th Street offers multiple living options with the ability to combine levels for the home of your dreams, while keeping a rental or two for substantial monthly income. A condominium conversion is also another very lucrative option. All apartments are free market rent, and the building will be DELIVERED VACANT. Showings by appointment only. Estimated Gross Income: $177,600 / Estimated Annual Expenses: $30,939 / Net Operating Income: $146,661