Valentines way is as series of four townhouses, 60 Clark Street, 62 Clark Street, 64 Clark Street, and 66 Clark Street between Henry Street and Hicks Street in Brooklyn Heights Historic district. More than an investment of prime New York City rental property; Valentines Way is a private brownstone community within Brooklyn Heights. This compound maintains unique, restored brownstone apartments with an emphasis’s historic preservation and attention to detail that include spectacular original details, functioning fireplaces, with many upgrades to the kitchens and bathrooms. These four contiguous townhouses have a total of 39 apartments. Though the apartment layouts vary, most of the apartments are is divided into two apartments per floor, front and back units on each of 5 floors. Some are floor through units, some have private outdoor terraces, and all have been beautifully renovated bringing the majority of the rents to market value. (See Attached Rent Roll.)
Valentines Park:
A unique feature of this assemblage is a secluded park behind the townhouses, which combines all four townhouse gardens. Known as “Valentines Park”, it is named for the first owner of these houses, Valentine Everett. Each tenant has the opportunity to join Valentines Park which is accessed through locked walkway next to 66 Clark Street. This private park has the original bluestone walks, widened and connected, with multilevel plantings including specimen trees, perennials, and sitting areas, a fountain, and an irrigation system.
Each of these townhouses have been meticulously restored and maintained to preserve the original details and functions. From the facades and front gardens, to the exterior iron work. This opportunity to acquire a community within one of the greatest Brownstone communities in Brooklyn Heights.
Expenses:
Fuel (All 4 buildings annually): $31,226
Electric: $6742
Insurance: $39,416
Real Estate Tax: $285,883
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