- New Developments
311 Sumpter St - Bedford - Stuyvesant, New York
ATTENTION ALL INVESTORS AND END USERS!!!!! Incredible opportunity now available in Bed Stuy. Introducing 311 Sumpter St, a legal 2 family home with private outdoor space and 2 OFF STREET PARKING SPACES! The owners duplex is a sprawling 3 bed/2 bath apartment with direct access to your backyard. The 1st floor of the owner's unit is comprised of an entry foyer, living/dining room, an open kitchen layout, 2 bedrooms and direct access to your private deck and backyard. The large living space provides sufficient space for family dining and entertaining. Across from the full bathroom on the first floor is a fully equipped laundry room and home's mechanicals. The top floor is an enormous master bedroom with full en suite bathroom, a large walk-in closet, and additional storage. From an investment perspective, similar 3 bed/2 bath apartments in the neighborhood are renting above $3k/month. The rental apartment is a 2 bed 1 bath apartment with a similar layout to the owner's unit. The rental unit has it's own washer/dryer and separate utilities. The current tenant in the rental unit is paying $1650/month on a month to month basis. The projected cap rate is above 6% including the ever elusive private parking spaces!
This listing courtesy of Douglas Elliman
575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DRE # 01947727