130 Coffey Street – A Red Hook Opportunity With Room to Grow Welcome to 130 Coffey Street, a rare three-family townhouse in the heart of Red Hook—a waterfront enclave where tree lined streets meet creative energy. This stately frame building offers a smart opportunity for those looking for rental income. Configured as three full-floor units, the building provides immediate value and future flexibility. The top-floor apartment will be delivered vacant, presenting the perfect chance to live above your investment or reimagine the space entirely. Think: a sun-soaked owner’s unit with skyline views, or a fresh new rental in one of Brooklyn’s most unique neighborhoods. Each unit is spacious and full of character, and with the building’s strong bones and classic layout, there's plenty of potential for updates that reflect your style—or your portfolio goals. Whether you're seeking a multi-generational setup, supplemental rental income, or a full-blown investment play, this home checks the right boxes. Unit 1 a one bedroom with massive garden lease is up at the end of 2025 and is current renting for $2750 Unit 2 lease is up end of 2025 is a 1 bed plus den and rents for $2675 Unit 3 will be delivered empty and was renting for $2800 All leases can be terminated with 60 day notice Yearly Insurance: $3803 Yearly Flood Insurance : $1419 Electricity for common spaces is around $50 a month Heating is gas and Gas is $336 a month on budget plan Hot water heater is less than 2 years old This is your chance to plant roots in a neighborhood with serious soul. Bring your architect, bring your imagination—or just bring your bags and make the most of this already-income-producing gem.