567 Ocean Avenue

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567 Ocean Avenue
567 Ocean Avenue
Prospect Park South
- 1 BATH
$459,000

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Details

This lovely studio overlooking a tranquil courtyard would be the perfect investment opportunity. Similar units rented between $2,100 and $2,200 generating a 3.7% cap rate. The building also qualifies for the Banks HomeRun program. As a primary residence the borrower will receive as little as 3% down payment with no PMI on a conventional mortgage, about 1% off current rates and $7,500 closing cost credit.
There are no income restrictions for these benefits.

The modern kitchen is equipped with marble countertops and backsplashes, custom cabinets, and high-end stainless appliances. The spacious bathroom has heated floors, a custom floating oak vanity, a Toto toilet, and a deep soaking tub. There are W/D hookup in the unit as well as ample closet space and a deeded storage unit in the basement.

567 Ocean Avenue is a luxurious new development condominium offering a fitness center, a bicycle room, a 24-hour Carson virtual doorman system, a pet spa, a party room, a children's playroom, a lounge, and a pair of furnished outdoor spaces that include a serene courtyard as well as a spacious rooftop deck with incredible neighborhood and Manhattan skyline views. A few blocks from Prospect Park and less than a 30-minute subway ride into Manhattan. Nearby subway lines include the B/Q/2/5.

Listing Courtesy of R New York.

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Contact Agent

Adam Heller
President

adam@hellerorg.com
917-439-8300

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Property Information

PRICE
$459,000
PRICE PER SF
1,120
BATHROOMS
1
ASF | SM
410SF | 38SM
FLOORS | APTS
8
PET POLICY
Pets Allowed

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567 Ocean Avenue

Contact Agent

As the President & CEO of The Heller Organization founded 25 years ago in New York City, Adam brings a wealth of knowledge from all aspects of the market including residential, commercial, and development. He has developed the expertise to facilitate every type of sale or rental transaction, including cooperatives, condominiums, townhouses, retail, office space, and development sites. His keen understanding of construction, architecture, and real estate development, aids in the process of identifying and negotiating the best possible investments for a client’s particular needs.

With over $1 Billion in closed residential and commercial transactions, Adam is continually growing within all aspects of the industry. In recent years he has had a strong emphasis on new development and has been actively involved with the leasing of both the residential and retail components of several high-profile projects throughout New York City. Adam currently manages the leasing for 20 residential projects comprising nearly 2000 high-end rental and condominium units. Additionally, Adam is currently working on several new development projects throughout Manhattan, Brooklyn and Queens, where his firm is actively involved throughout the pre-development phase through the marketing, sales and leasing.

Adam is also a co-managing partner of RAS Realty Partners which owns and operates approximately 2000 multi-family residential units throughout the southeast. RAS Realty Partners is headquartered in Boca Raton, Florida, and brings many decades of collective experience in commercial and residential real estate to every opportunity, specializing in the acquisition, development and operation of multi-family properties across the United States.

Prior to establishing The Heller Organization, Adam worked for Newmark Knight Frank in Downtown Manhattan. He currently serves as an active member of the Real Estate Board of New York, and holds a Masters Degree from Columbia University's Real Estate Development Program and an undergraduate degree in Information Technology from Syracuse University.

Adam Heller

President

adam@hellerorg.com

p: 917-439-8300