Welcome home to 45 Wolcott Street, a magnificent renovated two-family townhouse in the gorgeous and dynamic neighborhood of Red Hook!This 20' three story home has been ideally configured as a three-bedroom two-bathroom owner's duplex situated over a high-income producing one-bedroom rental, both featuring multiple private outdoor spaces. The home welcomes you with two separate entrances, one for the owner's duplex and one for the first floor unit. As you ascend the stairs to the owner's duplex, you are greeted with 11ft high ceilings, an enormous living room with a designated dining room and a gorgeous chef's kitchen. The kitchen is complete with high-end integrated appliances and is thoughtfully designed for entertaining. The ample space and appliance package is a dream for any home chef. The upstairs master suite is flooded with natural sunlight and is adjacent to a large South-facing terrace located on the back of the property. The lower level unit is a spacious one bedroom one bathroom residence that has private access to a large South-facing deck and backyard. A unit of this size and high-end finishes has a high earning potential for a rental. This two-family home has been renovated to a high standard with hardwood floors throughout, multi-zoned central AC, stone counters, and custom cabinetry. Your new home is located in one of Brooklyn's most beloved neighborhoods, Red Hook. With gorgeous cobblestone streets and views of lower Manhattan and the Statue of Liberty, you will fall in love with the treelined blocks and the charming eateries, bars, art galleries and boutiques that are just around the corner from 45 Wolcott St. Local favorites include The Good Fork, The CopperPot, Hometown Bar-B-Que, Grindhaus, and the Red Hook Lobster Pound.
Red Hook is a peninsula located in western Brooklyn. Interestingly, Red Hook is the only area of New York City that has a frontal view of the Statue of Liberty. Red Hook is notably isolated from the city, making it a perfect location for those who’d enjoy living in a silo, and not an ideal match for residents who rely on public transportation for work (or play). For those who do opt to settle in the relative quiet and largely undeveloped land of Red Hook, breathtaking harbor views and city sunsets are on the menu.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more