56 Court Street #7-H

56 Court Apt. 7H is currently the ONLY condominium (investment opportunity: unlimited subletting) available in all of Brooklyn Heights under $1.150 Million (as of 6.11.15). 7H @ 56 Court is a top floor alcove studio/convertible 1 bed with ownership of approx. 450 square feet of private roof space/access, features include; a custom built bookcase/storage system defines living and sleeping areas, hardwood floors, custom wardrobe closet, pass-through kitchen with granite breakfast bar, dishwasher, well-proportioned bathroom and a proper entry foyer with storage closet, central air & heat, approx. 10 foot high ceiling height and skylight, located on the top floor of a pet-friendly, elevator building. The approx. monthly outlay to own is $2463.00** based on a 30 year fixed mortgage at 4.25%. The after tax-benefit/cost of owning per month (assuming a 40% tax bracket at a 30 year fixed mortgage at 4.25%) is approx. $1655 per month**. **Please consult with your tax/financial planner for more detailed information; these figures represent an approximate cost. The average rental price for an alcove studio/1 bedroom in an elevator building is currently $2450, currently less than 20 apartments for rent/available in Brooklyn Heights between $2000-3000 (this can change daily, 6.11.15) If the rent is too damn high, then you should buy... This is a real opportunity to invest in an area that is fast becoming the cultural and retail hub of Brooklyn and a key economic center for all of New York City. New retail neighbors include; Equinox, Trader Joe's, Neiman Marcus, Yoga Works, Soul Cycle, Sophie & Ana's Cafe, Shake Shack, Hill Country BBQ, Bare Burger. Neighboring Downtown Brooklyn is also experiencing a boom in development projects in the residential, retail and commercial sectors.