286 Clifton Place
286 Clifton Place
Permanently Off Market
Description
Welcome to 286 Clifton Place located on a beautiful tree-lined Brownstone street on the border of Clinton Hill & Bedford-Stuyvesant. This rarely found high income-producing 3-family property boasts a 5.8% cap rate. A perfect, gut renovated, 3-family home that’s fully leased and grossing $12,300/month in rent - effectively covering the entire mortgage.
The 4-story townhouse has been completely reimagined with modern upgrades, amenities, and tasteful finishes that
...**CAN BE DELIVERED VACANT**Welcome to 286 Clifton Place located on a beautiful tree-lined Brownstone street on the border of Clinton Hill & Bedford-Stuyvesant. This rarely found high income-producing 3-family property boasts a 5.8% cap rate. A perfect, gut renovated, 3-family home that’s fully leased and grossing $12,300/month in rent - effectively covering the entire mortgage.
The 4-story townhouse has been completely reimagined with modern upgrades, amenities, and tasteful finishes that today's discerning buyers look for. Upon arriving, the grand Brownstone steps will lead you into the Owner's Parlor & Garden duplex with a fully finished basement, 2 spacious bedrooms, 2.5 baths, and a modern enclosed backyard. The open concept living, dining and kitchen area feature high ceilings, new flooring and an ornamental fireplace. The brand new kitchen is bright and appealing with new cabinetry, granite counter-tops and high-end stainless steel appliances including a massive Frigidaire professional series refrigerator. The back door opens to a large relaxing deck that overlooks the backyard and private garden. The South facing sun-soaked master bedroom also peers into the backyard which is privately enclosed with a sleek modern wood fence. A canopying tree completes this meditative paradise and oasis. The master en-suite bathroom is beautified with wall to wall marble and is complimented with a large walk-in closet. The fully finished basement provides for ample storage space or optional rec room. The home is fitted with Forced-Air heating & cooling system, vented washers & dryers and an ADT security system.
Additionally, both rental units were recently renovated with brand new kitchens and bathrooms to fully maximize rental income potential. Each apartment has hardwood floors through-out, decorative mantles and are completely bathed in natural light from both exposures. Transportation to the city is stellar with just a short distance to either the Bedford-Nostrand G train or down to the A/C lines at Nostrand Ave express stop. Bedford and Nostrand are bustling with trendy neighborhood shops, cafes, and award-winning restaurants.
Rents:
Apt 1 - $6,000
Apt 2 - $3,150
Apt 3 - $3,150
Note: The home recently underwent a conversion to a 3-family (pending) and as such brought to current building codes. This neighborhood is seeing an unprecedented number of renovations. There is great potential for rental up-side and the upward neighborhood appreciation in home values make this property a sound investment.
Listing Agent
Amenities
- Private Patio
- Private Yard
- Hardwood Floors
- High Ceilings
- Casement Windows
- Walk Up
- Washer / Dryer
- Laundry in Building
Location
Property Details for 286 Clifton Place
Status | Permanently Off Market |
---|---|
Days on Market | 118 |
Taxes | $588 / month |
Maintenance | - |
Min. Down Pymt | 10% |
Total Rooms | 14.0 |
Compass Type | Townhouse |
MLS Type | Single Family |
Year Built | 1899 |
Lot Size | 1,867 SF / 19' x 100' |
County | Kings County |
Building
Location
Building Information for 286 Clifton Place
Payment Calculator
$17,472 per month
Property History for 286 Clifton Place
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 286 Clifton Place
Schools near 286 Clifton Place
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
P.S. 256 Benjamin Banneker PublicPK to 5 | ||
Urban Assembly Unison School (The) Public6 to 8 | ||
Bedford Academy High School Public9 to 12 | ||
Brooklyn Community High School Communication Arts An Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.