$5,400,000

20 Monroe Place Townhouse

Located on one of Brooklyn Heights' finest landmarked blocks, this circa 1854 five story townhome provides extensive living space and substantial income. Currently configured as a 7 family home, consisting of an owner's triplex, plus six high incomes producing apartments. Skillfully constructed on 101' lot, built 25' wide x52' deep on five stories. There is the flexibility of incorporating apartments into your living space or adjoining current apartments.

All the hard work has been done:

This townhouse is restored with extensive interior and exterior renovations. In addition to the renovations to the owner's triplex, improvements include a restored brownstone facade, beautifully maintained common spaces, and high quality rental apartments. The mechanicals are kept current and the home maintains its architectural integrity. The highly desirable apartments provide immediate investment returns with plenty of upside, and provide a dependable income in every market condition. These desirable investment apartments are spacious, charming, and functional. This is Brooklyn Heights' best opportunity to live in a brownstone of quality, space and scale, and collect income without the time consuming and expense of an extensive renovation.

The Layout:

The Owner's Triplex is in impeccable condition and is ready for immediate occupancy. The owner's triplex consists of the entire parlor floor, with the original staircase leading to the garden floor back. The master bedroom on the third floor is accessed from an internal staircase from the Parlor floor. There is a renovated bathroom on each level. The parlor floor has 13' ceilings, carved marble mantles, crown moldings, built ins, and hardwood floors. Front Parlor siting room faces west to Monroe Place. The kitchen is located at the back of the parlor, with an open island designed for entertaining and everyday living. There are French doors lead to your private full width deck, and the deck leads to your deep, professionally installed landscaped garden. While maintaining many original details, this gorgeous home has been meticulously renovated including, central air-conditioning, customized closet and vast storage space.

The Garden Floor:

The back of the garden floor is a large bedroom with full bathroom. The renovated bathroom is handicapped accessible. There is a private laundry room for the owner, a kitchenette and private garden access.

The Garden floor front studio:

Currently vacant. Completely renovated with new kitchen. The bathroom is handicapped accessible. This studio can easily be combined with the owner's triplex, if desired.

Third floor:

Front room is combined with the parlor floor, via the internal staircase. Large front facing master bedroom suite with private bathroom and windowed, double height walk in closet space.

Third floor back:

is an occupied studio with an-eat in kitchen. Rent stabilized.

Fourth floor:

Front apartment is a renovated free market studio with a separate kitchen. Custom closet space and lovely details. The fourth floor rear is a large rent stabilized studio with a separate eat-in-kitchen. Flexible layout. Currently vacant.

Fifth floor:

Front facing one bedroom, and rear facing studio. Both are free market apartments.

There are four free market apartments, plus two rent stabilized apartments. One of the rent stabilized apartments is vacant. Centrally Located on the widest tree lined street in Brooklyn Heights, Monroe Place is secluded with little traffic. An outstanding historic home and sound investment.