164 Underhill Ave, New York City, NY 11238

Description

Perfect 1031 Tax Exchange Property!

Welcome to 164 Underhill Avenue, a remarkable property nestled in the heart of Brooklyn's coveted Prospect Heights neighborhood. This fully renovated five-family residence blends modern luxury with classic charm, making it an outstanding investment opportunity or a spacious home for an owner-occupant.

Spanning 4,441 square feet, the property offers four bedrooms and seven bathrooms, providing both space and privacy. The owner's duplex stands out with two bedrooms, two-and-a-half bathrooms, and a private garden perfect for relaxing or entertaining. The kitchen features stainless steel appliances, two-toned custom cabinetry, and elegant marble countertops, creating a sophisticated yet functional space. Carrara marble bathrooms add a refined touch throughout. Split system heating and cooling provides year round comfort.

The second and third floors include a renovated studio and a one-bedroom apartment, both offering strong rental income and consistent demand. All units are set up separately with mechanicals for heating, cooling and hot water.

Set on a picturesque, tree-lined block, the property provides a quiet urban retreat while being close to the Brooklyn Botanic Garden and Prospect Park. Enjoy easy access to neighborhood favorites like Radio Bakery, Leland Eating and Drinking House, and Union Market, with the Grand Army Plaza Farmers Market just a short walk away. Conveniently connect to the 2, 3, 4, 5, B, D, N, Q, and R trains at Atlantic Terminal, and it's also within walking distance of Barclays Center.