This mid-19th century Carroll Gardens four-family, brick townhouse at 298 Union Street is exceptionally large and has retained some interesting details. There appear to be several marble fireplaces throughout the building and what looks like well-preserved crown moldings in the parlor — and 14-foot ceilings.
Other rooms have tin ceilings. The wood floors were laid in unique patterns with diagonal boards intersecting horizontal ones to create a “wood rug” in the parlor. The ceiling in the top floor unit is made entirely of wood paneling, giving it a rustic feel.
The home is large, 22 feet wide by a remarkable 63 feet deep according to PropertyShark, and is broken up into four units. The garden apartment has three bedrooms and one bath and access to the finished basement as well as the garden. The parlor floor has 1.5 bedrooms and one bathroom as does the third floor which also has a private terrace. The top floor has two bedrooms and one bath. It’s unclear exactly how the apartments are configured (and how small the half bedrooms are) since the listing lacks a floor plan.
The kitchens appear to be small but functional and some have been recently updated. The bathrooms also appear to be small –normal for a row house — and are not in desperate need of work.
The exterior appears to be well kept with old-fashioned double doors. Because it is a four-family, the building has a fire escape on the front. It’s right between Smith and Court Streets — about as central as you can get in Carroll Gardens — and it’s four blocks from the subway.
According to rental listings from the last year, the owner (who has owned the building since 1998) has asked $5,000 a month for the garden unit, and $4,200 a month for the parlor so the rent roll may be quite high for all four units. (The listing does not say whether any or all of the units are occupied or what the rent roll is.)
The home is listed by Andre Nikolaev and Luther Hines of Ideal Properties for $3.8 million.
What do you think? Is this a good investment property? At that price will someone scoop it up and convert it to a one or two family?
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