Tuesday, August 1, 2017

Al Capone’s Former Park Slope Home Is a Criminally Nice Buy for $2.4M

Al Capone's former park slope home for sale

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Before he was a notorious bootlegger and infamous Chicago gangster, Al Capone was a family man who lived in Park Slope in Brooklyn, NY. His former townhouse on Garfield Place is now available for $2,449,000.

“If he had lived here today, he wouldn’t have to go into the rum-running business,” says listing agent Bren Salamon. Instead, Capone could pocket legitimate income from the two rental units that make up this three-unit listing. Flush with cash, he could walk up the street and grab a drink at any number of bars or restaurants near his home.

The Brooklyn-born crime boss, who died in 1947 at the age of 48, grew up in a nearby building, also on Garfield Place, and then moved into this residence in the early 1900s. But no original interiors or hints of its infamous tenant remain, says Salamon.

An investor purchased the property about a year ago and renovated it from top to bottom.

The main townhouse of the 2,980-square-foot structure has two levels, three bedrooms, and 2.5 baths. The duplex includes a combination living and dining space, separate family room, laundry, and private outdoor space.

Master bedroomMaster bedroom

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Downstairs features another family room, plus a light-filled room that opens directly onto a private yard.

The two “condo-quality” apartments each have one bedroom, a chef’s kitchen, laundry, and private outdoor space. The top level boasts a roof deck.

Dining and living spaceDining and living space

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Mechanically, everything about the home is “brand new.” Each unit includes high-efficiency ductless heat, air conditioning, and separate hot water.

Roof deckRoof deck

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The building could work for someone who wants to move in and have rental income to help offset mortgage payments. Or someone could buy it as an investment and rent out all three units.

The building is located near public transit, the lively shopping and dining of Fifth Avenue, and close to Prospect Park.

A nearby steakhouse called Benchmark is in a former icehouse, which would have been operational in Capone’s time, Salamon says. Capone often frequented a pool hall across the street, he notes, but it’s no longer there.

Indeed, had Capone decided to go into real estate instead of organized crime, he would have done well on this block. “This location now is some of the most desirable real estate in New York City,” says Salamon.

The property was listed in June for $2.85 million, before it was reduced to its current price, which is still relatively hefty. But for the buyer who steps up, Salamon has promised a Capone-worthy housewarming gift: A bottle of Macallan Fine Oak 21-Year-Old Scotch.

The post Al Capone’s Former Park Slope Home Is a Criminally Nice Buy for $2.4M appeared first on Real Estate News & Insights | realtor.com®.



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