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Listing Courtesy of Corcoran Group
$ 1,990,000
Est. payment | /mo
5 Beds
3 Baths
1,955 SqFt
$ 1,990,000
Est. payment | /mo
5 Beds
3 Baths
1,955 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,955 sqft
Price per Sqft $1,017
Subdivision Williamsburg,North
MLS Listing ID RLS20039173
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1910
Property Sub-Type Multi Family
Property Description
The Forray Team at The Corcoran Group is pleased to present 290 Leonard Street, a beautifully maintained 19-foot-wide two-family townhouse that seamlessly blends historic charm with modern comfort in the heart of prime Williamsburg. This is a true triple-threat opportunity-investors can achieve immediate upside in a highly desirable location while enjoying the security of a stable asset with an Existing CAP rate of 5.47% and a projected Pro forma CAP rate of 6.83%. End-users also benefit from the flexibility to live in the spacious duplex while earning strong rental income, and the property's layout lends itself perfectly to a potential single-family conversion.
Built in 1910, with an estimated total of 2,025 Gross SF: 1,955-square-foot of residential area & plus an additional 300-square-foot cellar, showcases beautifully preserved pre-war exterior details alongside thoughtful modern updates, all while maintaining low annual real estate taxes ($4,490) under the protection of Tax Class 1 status. With R7A, C2-4 zoning, this property also offers generous development potential, featuring an FAR of 4.0.
The spacious potential owner's duplex (3BR/2BA) spans the garden and parlor levels, featuring a warm and inviting living area, an expansive kitchen with stainless steel appliances, granite countertops, and direct access to a private backyard-ideal for outdoor dining, entertaining, or quiet relaxation. Upstairs, two generously sized bedrooms provide flexible space for a home office, nursery, or guest room, along with a full bathroom. The duplex is further enhanced by an additional cellar space with laundry and ample storage.
The top-floor apartment (2BR/1BA) offers its own distinct charm, with a bright living room, a windowed kitchen, an oversized bedroom with room for a home office, and direct access to a private terrace overlooking the vibrant streets of Williamsburg.
Perfectly located near Metropolitan Avenue and just one block from the L and G subway lines, 290 Leonard Street places you moments from Williamsburg's best dining, shopping, parks, and conveniences. Whether you're seeking a primary residence with additional income, a stable investment with upside, or the perfect canvas for a single-family conversion, this property offers a rare blend of space, value, and location in one of Brooklyn's most dynamic neighborhoods.
Built in 1910, with an estimated total of 2,025 Gross SF: 1,955-square-foot of residential area & plus an additional 300-square-foot cellar, showcases beautifully preserved pre-war exterior details alongside thoughtful modern updates, all while maintaining low annual real estate taxes ($4,490) under the protection of Tax Class 1 status. With R7A, C2-4 zoning, this property also offers generous development potential, featuring an FAR of 4.0.
The spacious potential owner's duplex (3BR/2BA) spans the garden and parlor levels, featuring a warm and inviting living area, an expansive kitchen with stainless steel appliances, granite countertops, and direct access to a private backyard-ideal for outdoor dining, entertaining, or quiet relaxation. Upstairs, two generously sized bedrooms provide flexible space for a home office, nursery, or guest room, along with a full bathroom. The duplex is further enhanced by an additional cellar space with laundry and ample storage.
The top-floor apartment (2BR/1BA) offers its own distinct charm, with a bright living room, a windowed kitchen, an oversized bedroom with room for a home office, and direct access to a private terrace overlooking the vibrant streets of Williamsburg.
Perfectly located near Metropolitan Avenue and just one block from the L and G subway lines, 290 Leonard Street places you moments from Williamsburg's best dining, shopping, parks, and conveniences. Whether you're seeking a primary residence with additional income, a stable investment with upside, or the perfect canvas for a single-family conversion, this property offers a rare blend of space, value, and location in one of Brooklyn's most dynamic neighborhoods.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Other
Fireplace No
Appliance Washer Dryer Allowed
Laundry Washer Hookup, In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N Yes
View Other
Porch Patio, Terrace
Private Pool No
Building
Dwelling Type Townhouse
Story 3
New Construction No
Others
Ownership None
Special Listing Condition Standard
Pets Allowed Building Yes, No

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