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$3,200,000

Presenting 55 Cumberland Street, a rare opportunity to acquire a 10-unit, rent-stabilized mixed-use building in a prime Brooklyn location at the crossroads of Fort Greene and the Brooklyn Navy Yard. This well-positioned asset consists of 10 residential units and 2 ground-floor commercial spaces, offering a balanced income stream with long-term upside. Notably, the majority of residential units are expected to be delivered vacant, providing a unique value-add opportunity for investors to reposition, renovate, and maximize rental potential in a high-demand market. The property spans approximately 7,680 square feet on a 2,630 square foot lot, with residential units averaging 648 square feet. The building also includes 1,200 square feet of retail space, ideal for neighborhood-serving tenants that benefit from strong foot traffic and continued growth in the surrounding area. From a zoning perspective, the property presents a compelling profile with a current FAR of 2.92 and a maximum allowable FAR of 2.0 for commercial and 4.8 for community facility use. While the property is currently overbuilt, investors can capitalize on the existing footprint and explore long-term strategic positioning. Situated on a quiet block yet moments from vibrant Fort Greene, Clinton Hill, and the rapidly expanding Brooklyn Navy Yard, the location offers exceptional access to transportation, retail, and cultural amenities. This dynamic corridor continues to see strong residential demand, making it an ideal setting for long-term growth and stability. Whether you're seeking a value-add rental investment, portfolio expansion, or a strategic mixed-use asset in a thriving Brooklyn neighborhood, 55 Cumberland Street delivers scale, location, and upside.

11 Beds ⋅ 11 Baths ⋅ RLS20090741 MLS

55 Cumberland St Unit BLDG, Brooklyn

Listing courtesy of Corcoran Group.

$2,795,000

Stunning and mint condition 1-family townhouse offers the best of the old and the new. Constructed in 2019, this super stylish 4-story, 4 bedroom plus recreation space, 4 bathroom townhouse allows you to move in without lifting a finger. Situated right outside the historic district of Clinton Hill, you can enjoy the massive scale and privacy that only a townhouse affords, and enjoy all of the amazing amenities of Fort Greene including Fort Greene Park and an amazing array of restaurants and shops one block away on Myrtle and Dekalb Avenues. The nearby Navy Yard also offers a world of delights, and of course, don't miss Wegmans! Distinguished by an architecturally compelling modern brick facade and oversized windows, light streams in all day, accentuated by soaring ceiling heights on every floor. A designer chef's kitchen and spa-like oversized bathrooms await, in addition to customized closets everywhere. The dramatic parlor floor flows perfectly to a spacious private garden through a full wall of sliding glass doors, and even better, opens into an unexpected European park-like setting surrounded by other 1-family homes, offering a scenic pastoral experience out your backdoor unlike anything else in the city. Enjoy your very own Allee landscaped pocket park PLUS a fenced in private backyard with a custom kitchen and BBQ, Ipe fencing, bluestone pavers and planted beds, perfect for family gatherings and kids' playtime right outside your back door. Enjoy privacy and quiet every day of the year. The masterful kitchen sits in the middle of this floor, complete with a large dining and prep island, acting as the perfect centerpiece for the spacious dining room in front, and the large living room in back off the garden. Enjoy a loft-like open living plan with just the right amount of separation between spaces, in addition to such gourmet accoutrements as a Bertazzoni range, Bosch fridge and dishwasher, Lieberr Fridge, and a Giagni faucet. Frosty Carina Caesarstone countertops and backsplash are as pretty as they are practical. Head upstairs to two oversized bedrooms, both with customized closets and incredible light. A full bathroom on this floor has been customized with Mosaic House tiled floors and stunning marble walls. The top floor is a stunner! Enjoy a master suite with cathedral ceilings and a primary bathroom of epic proportions, featuring a double vanity, tub and shower. The closet is a fashionista's dream and has been beautifully appointed with hanging space, drawers and shelving. A fourth bedroom on this floor makes an amazing home office, gym, or guest room. Head back to the floor beneath the parlor floor where you can enjoy a renovated space perfect for a playroom, media room, home office, or just extra lounging space. Built out perfectly with a powder room for convenience and additional storage closets, it is the perfect entertaining space for kids and adults alike. No matter how you slice it, this over 3000 SF townhouse far exceeds any of the neighboring condos in both style and size, and the monthly cost of ownership is much much lower. No common charges, just low taxes, all new stylish custom finishes, and you can call yourself a resident of one of the coolest and most culturally vibrant neighborhoods in all of Brownstone Brooklyn.

4 Beds ⋅ 3 Baths ⋅ RLS20074306 MLS

18 Vanderbilt Ave, Brooklyn

Listing courtesy of Corcoran Group.