281 Skillman St

"Clinton Hill Border Townhouse as featured in the New York Times ""On The Market""
Beautiful, Renovated & Modernized
2 Family House & Rear Guest Cottage
Owner is Relocating and Must Sell

281 Skillman Street allows you to enjoy and participate in all of the activities and benefits of Clinton Hill without paying the Clinton Hill Townhouse $3MM average price. Just a block and a half from the Clinton Hill border at Classon Ave, It is an easy walk to all of the highlights in Clinton Hill: Speedy Romeos, Choice market, The Finch, BAM, and Fort Greene Park, to name a few. Additionally it might be one of the few move-in ready townhouses on the market for the price. Plus, for those who want a bigger house, there's a huge amount of available buildable footage to add on a huge extension,1700SF, which almost doubles the size of the house to 3800sf.

Featured in The New York Times and Brownstoner, it is a turnkey townhouse that's great for owner/users or investors. And, For new Amazon employees, it's just a few G train stops away from Long Island City and the new Amazon HQ. It is located between Bedford and Franklin Avenues on the Clinton Hill border, and around the corner from the G train entrance at Bedford. Consequently for investors, the potential rental income is very strong due to its favorable location and proximity to transportation with a projected rent and cap rate of 5.1 %.

The townhouse is wide and measures just nearly 20 feet and for those who love 19th Century houses, it is dripping with original details. From the flowers on the entry way steps to the gorgeous 1890s arched original front doors, as well as the original plank floors and mahogany railing, the house feels welcoming and beautiful throughout. And there are four white marble mantled fireplaces! All the modern finishes are there too with smartly done bathrooms and kitchens. It is a two family, and measures 2100sf so that it could easily transform to a single family layout if needed, creating a 3 or 4 bedroom/3 bath triplex, (see alternative floorplan).

It is a three story building and the owners' garden/parlor duplex is a spacious two bedroom and two bath with a large grassy sixty five foot garden. Downstairs on the garden level, there's an open floor plan with a large modern kitchen with white ceasarstone countertops and an L shaped island which doubles as a bar/seating area. The appliances are all Miehle stainless steel.

Just off the kitchen, there's plenty of room for a ten foot dining table and a comfortable living room centering on the white marble mantel/wood burning fireplace.The downstairs bath has a washer/drier and is a pretty powder room tiled with white penny tile.

Outside the kitchen door is the sixty five foot garden which has three distinct areas: a pergola topped patio/seating area, a dining area with a twelve foot dining table and at the very end, a newly constructed guest cottage with electricity and an upstairs decked patio. The guest house works well as an office or children's playhouse. You'll need a lawnmower to mow the thick green grass!

Upstairs on the second/parlor floor there are two bedrooms, each oversized with two large windows apiece and white marble mantles with actual real wood burning fireplaces. They are separated by the original sliding parlor floor doors. The large hallway bath is ample and has a deep rectangular Philippe Stark-esque soaking tub/shower combination and a thirty inch wall mounted vanity.

The top floor is presently the rental two bedroom apartment. It has a renovated kitchen, two bedrooms and a large windowed bath. It easily can be your high income rental or be combined with the rest of the house and converted to a master ensuite bedroom and second bedroom as shown in the proposed floorplan.

The financials on the building are favorable and taxes are low at $2415 Annually. House will be delivered vacant.

Price $1,865,000
Families: 2
Units:2
Lot: 19.6x100
Garden: 65 feet
Rear guesthouse & Deck
Taxes $2,415
Projected rent: $96,000 annually
Cap rate 5.1%
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