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41 Summit Street is a brand-new, stand-alone, three-family Brooklyn trophy investment property, perfectly positioned where Carroll Gardens meets Red Hook and the Columbia Heights Waterfront. Built to the highest standards of design and construction, this rare, boutique multifamily seamlessly combines luxury living with serious income performance.
100% turnkey and ready to go, this property delivers immediate results with an above 5% cap rate and zero deferred maintenance. Every system is new, every finish refined, and every detail executed with long-term value in mind-making it ideal for private investors, a 1031 exchange, or as a core Brooklyn hold.
The building comprises three highly desirable rental residences in a boutique, keyed-elevator setting, each offering dual north-south exposure, exceptional natural light, multiple private outdoor spaces, and striking skyline views. With a garage and parking for up to four cars, this rare amenity package drives top-tier rents, minimal vacancy, and maximum ROI.
Unit 1 - A spacious 2-bedroom, 3. 5-bath duplex with a flexible recreation room, offering 1, 472 interior square feet, a massive private rear yard, and an additional balcony-ideal for premium living and strong rental demand.
Unit 2 - A 2-bedroom, 2-bath floor-through residence spanning 1, 187 interior square feet, complete with a private balcony, dual exposure, and excellent natural light-an exceptionally efficient and high-performing rental layout.
Unit 3 (Penthouse) - A dramatic 3-bedroom, 3-bath duplex penthouse offering sweeping Manhattan skyline views, a 350-square-foot south-facing terrace, plus a full private roof deck exceeding 600 square feet-a true crown jewel designed to command top-of-market rents.
Additional Property Highlights:
-Stand-alone, three-unit building
-Prime Carroll Gardens location
-Multiple private outdoor spaces in each unit
-Garage + parking for up to four vehicles
-Dual exposure (South & North) in all units
-Exceptional natural light throughout
-Keyed elevator
-Refined finishes and high-end appliances
-High ceilings and open layouts
-All-new mechanicals and HVAC
-Fully turnkey, ready to perform
In a market defined by limited supply and rising demand, 41 Summit Street stands alone-a best-in-class Brooklyn investment offering luxury, income, and long-term appreciation in one exceptional asset. Contact us directly for more information as we look forward to showing you this incredible piece of Brooklyn real estate.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $6,000,000 | $6,000,000 | $6,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $4,465 | $4,465 | $4,465 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $32,669 | $35,492 | $49,424 |
| Total Monthly Payment | $37,259 | $40,082 | $54,014 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.