235 Richmond Street
235 Richmond Street
Sold 11/10/21
Sold 11/10/21
Description
The first floor has two identical railroad-style two-bedroom apartments. Both bedrooms...Located on the border of Brooklyn & Queens, Cypress Hills, Brooklyn has become one of the hottest affordable neighborhoods left in Brooklyn. This legal 4-family townhouse is ideal for anyone seeking a long-term investment taking advantage of an income-generating property or multigenerational accommodations. With unlimited potential to expand in the future, this property comes with a total of 7,500 buildable sqft!
The first floor has two identical railroad-style two-bedroom apartments. Both bedrooms are located at the front of the house. As you work your way towards the rear, you’ll pass through the spacious living room into the open-style kitchen. Located just off of the kitchen are a nicely designed full bath and personal access to the backyard.
The second-floor apartments mirror the first-floor layout with the bonus of larger bedrooms, living room, and kitchen. The basement level has three access points, one from the outside, in the front, one leading to the lobby, and one in the backyard for added convenience. Fully finished, it boasts multiple private and common spaces including a shared laundry room.
Nestled between Fulton Street and Atlantic Avenue this property has a prime location that provides many conveniences. The J/Z train is just two short blocks away, while the M4 bus stop is less than a 5-minute walk, making a commute to Manhattan and around Brooklyn a breeze. City Line Park and Highland Park are nearby and offer an array of outdoor recreational amenities. The neighborhood is abundant with dining and shopping options providing every convenience.
Gross Rental Income $112,800
Taxes ($6,542)
Utilities & Maintenance ($15,600)
Insurance ($1,500)
NOI $89,158
Unit Information
1L Vacant
1R $1,700 Month to Month
2L $1,700 1/21-1/22
2R $1,700 1/21-1/22
Basement Apt $1,600 No lease
Studio $1,000 No lease
Listing Agents
![Joshua Golan]()
josh.golan@compass.comP: 718.415.4410
![Adam Sadel]()
adam.sadel@compass.comP: 201.370.8465
![The Golan Team]()
golanteam@compass.comP: 718.454.5400
Amenities
- Common Outdoor Space
- Walk Up
- Laundry in Building
- Laundry Room in Building
- Gas Oven
- Windowed Kitchen
- Recessed Lighting
- Common Laundry
Location
Property Details for 235 Richmond Street
| Status | Sold |
|---|---|
| Days on Market | 32 |
| Taxes | $545 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 28.0 |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1915 |
| Lot Size | 2,500 SF / 25' x 100' |
| County | Kings County |
Building
235 Richmond St
Location
Building Information for 235 Richmond Street
Payment Calculator
$6,275 per month
30 year fixed, 7.25% Interest
$5,730
$545
$0
Property History for 235 Richmond Street
| 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 235 Richmond Street
Schools near 235 Richmond Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 65 PublicPK to 5 | ||
Is 171 Abraham Lincoln Public6 to 8 | ||
HIGHLAND PARK COMMUNITY SCHOOL Public6 to 8 |
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.
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