Property Description

8-Family Rent-Stabilized Investment Opportunity!Exceptional opportunity to own a well-maintained 8-family rent-stabilized building in the heart of prime Greenpoint. This solid investment features eight railroad-style 2 bedroom apartments, all thoughtfully renovated while preserving their classic Brooklyn charm.Property highlights include:- 8 renovated rent-stabilized apartments- Railroad-style 2-bedroom layouts- Apartment 1R features a private backyard- New plumbing throughout- Updated electrical system- Stainless steel appliances- Beautiful hardwood floors- High ceilings with abundant natural light- Clean, well-maintained basement- Pride of ownership throughout the building- 7.6% current CAP RateSituated on one of Greenpoint's most desirable blocks, this property offers convenient access to Greenpoint Ave G train station, local buses, McCarren Park, local restaurants, cafés, and the neighborhood's vibrant shopping and nightlife. A turnkey investment in one of Brooklyn's strongest rental markets with long-term upside.Building: 25 x 65 ftLot: 25 x 100 ftZoning: R6BFAR: 2.60; Max FAR: 2Taxes: $17,148/YrAn outstanding addition to any investor's portfolio in one of New York City's most sought-after neighborhoods.

Property Features

Local Schools