218 Cumberland Street
Brooklyn, New York, United States

Description

Projected Cap Rate 5.21% call for more details.
218 Cumberland Street is a five story Romanesque Revival/neo-Renaissance style property located at the apex of Cumberland Street and DeKalb Avenue seconds from the entrance of Fort Greene Park.

Landmarked as a part of the Fort Greene Historic District in 1980 his unique property has varied possibilities for the right owner.

Designed in 1895 by Brooklyn architect H.L. Spicer to house six families it is currently configured as a 10 unit property. The building is 22ft wide x 80ft deep on a 100 ft lot and sits at the crossroads of Cumberland and DeKalb offering a very short distance to Ft Greene Park.
The same family has owned the building since 1969.

218 Cumberland features a distinctive four-story swell-bay topped by a balustrade. The fifth-floor facade contains an array of five round-arched windows with stained-glass transoms. The galvanized-iron cornice on the roof decorated with swags and rosettes and the galvanized-iron cornice of the bay are just a few of architectural feature of note on this glorious building.

The property currently has eight tenants with three apartments to be delivered vacant. For more details and a setup sheet, please contact the listing agent. Property sold as-is.

Transportation: It is a five-minute distance from the Atlantic and Pacific street subway stops servicing the 2,3,4,5, D, Q, R train and LIRR and 5 min from A, C at Lafayette Ave. All major downtown bus route travel on Fulton.,Projected Cap Rate 5.21% call for more details.
218 Cumberland Street is a five story Romanesque Revival/neo-Renaissance style property located at the apex of Cumberland Street and DeKalb Avenue seconds from the entrance of Fort Greene Park.

Landmarked as a part of the Fort Greene Historic District in 1980 his unique property has varied possibilities for the right owner.

Designed in 1895 by Brooklyn architect H.L. Spicer to house six families it is currently configured as a 10 unit property. The building is 22ft wide x 80ft deep on a 100 ft lot and sits at the crossroads of Cumberland and DeKalb offering a very short distance to Ft Greene Park.
The same family has owned the building since 1969.

218 Cumberland features a distinctive four-story swell-bay topped by a balustrade. The fifth-floor facade contains an array of five round-arched windows with stained-glass transoms. The galvanized-iron cornice on the roof decorated with swags and rosettes and the galvanized-iron cornice of the bay are just a few of architectural feature of note on this glorious building.

The property currently has eight tenants with three apartments to be delivered vacant. For more details and a setup sheet, please contact the listing agent. Property sold as-is.

Transportation: It is a five-minute distance from the Atlantic and Pacific street subway stops servicing the 2,3,4,5, D, Q, R train and LIRR and 5 min from A, C at Lafayette Ave. All major downtown bus route travel on Fulton.

Presented by

Compass - New York

Compass - New York
Click To Show Phone
Main: +1 2129139058

Location

Disclaimer

To the fullest extent permissible pursuant to applicable law, this web site and the materials are provided on an "as is" and "as available" basis. LuxuryRealEstate.com expressly disclaims all warranties of any kind, whether expressed, implied, or statutory including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement. We do not warrant that this web site or the materials are completely error free, will operate without interruption, are compatible with all equipment and software configurations, free of viruses, errors, or other harmful components, or will otherwise meet your needs.