219 St James Place

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View the listing here: https://www.compass.com/listing/1028960236830295881/view

4 Family in Prime Clinton Hill!

219 St James is a stately Neo-Grec beauty that has been well maintained for nearly 150 years. Designed by George Morse, the building showcases elongated window brackets and a stunning arched cornice. This landmarked townhouse already has new windows and an impeccable facade. The current incarnation of this historic home holds 4 floor-through, free-market apartments, all set up as two bedrooms.

The garden level comes with an open kitchen, plenty of storage and an attractive backyard. The Parlor floor is a premium, loft like apartment with high ceilings. Currently laid out with a center kitchen and could be easily flexed into a 2BR. The first two floors each benefit from an extension to the original building. The 3rd floor is a 2BR and has a renovated bath and kitchen and a terrace over the extension. The top floor ia also a 2BR with a renovated bath and kitchen and has wonderful light.

While an investor can be provided a turn key premium asset in an area attracting increasing development, an end user has multiple options at their disposal. If you need more than one apartment, the bottom two units could be combined into an oversize 3BR+ duplex with the extensions and the backyard. Need more space? Create an upper triplex and keep the garden rental, or, combine the whole building to create the home of your dreams.

All of this flexibility makes for a great investment property with significant upside. Great for investors who eschew heavy maintenance/capital improvements, homeowners that want rental income or a buyer that wants to return 219 St James to single family glory. Like to dance with the DOB? Take advantage of significant air rights remaining! The zoning is R7 with a C2-4 overlay. Contact the listing agent for more information.

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