158 Newton St - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$6,299,999 USD
516-509-5476
158 Newton St, Brooklyn, NY for Sale
$6,299,999 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

158 Newton St
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • NEWLY CONSTRUCTED MIXED-USE ASSET
  • FULLY FREE-MARKET
  • EXCEPTIONAL CORNER VISIBILITY & RETAIL UPSIDE
  • BONUS INCOME FROM LOCKERS
  • TURNKEY PLUG-AND-PLAY EXECUTION
  • HIGH FOOT TRAFFIC AND PUBLIC TRANSIT ACCESSIBILITY

OVERVIEW

158 Newton Street presents a rare opportunity to acquire a newly constructed mixed-use investment property at the intersection of prime Greenpoint and Williamsburg. Built in 2019 and recently completed, the asset consists of six free-market residential units and two ground-floor commercial spaces, offering investors stable in-place income, modern construction, and long-term appreciation potential in one of Brooklyn's strongest rental markets. The residential units feature contemporary finishes and highly desirable layouts. Apartments offer oversized windows with exceptional natural light, full-size stainless steel appliances including multi-burner ranges with microwaves, dishwashers, and refrigerators, granite countertops, Mitsubishi split-system heating and cooling, select units with Juliette balconies and patios, and access to shared rooftop spaces with sweeping 360 views of Manhattan and Brooklyn. The property's fully free-market unit mix provides ownership with maximum leasing flexibility and future rental upside as the neighborhood continues to strengthen. The commercial component adds diversified income and enhances the overall investment profile. Positioned with exceptional visibility and foot traffic, the two retail spaces—including a prime storefront with curb cut—and a prime corner location-benefit from strong surrounding activity and continued neighborhood growth. The layout presents immediate income generation while offering significant upside as the Greenpoint retail corridor continues to grow and rental rates appreciate. Additionally, the property generates supplemental income through a street-level lockage and storage system, providing an additional revenue stream that strengthens income diversification and overall cash flow. Strategically located near McCarren Park, McGolrick Park, Nassau Avenue, and Manhattan Avenue, the property is surrounded by Brooklyn's best dining, retail, and lifestyle amenities. Convenient access to the G, L, and M subway lines and nearby transportation routes, including the BQE, further strengthen tenant demand, making 158 Newton Street a compelling turnkey investment opportunity with strong cash flow, operational simplicity, and significant long-term growth potential.

FOR SALE DETAILS

PRICE

$6,299,999 USD

PRICE/SF

$2,763 USD /SF

# OF UNITS

8

PRICE/UNIT

$787,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R6B

APN/PARCEL ID

02720-0024

ASK ABOUT THIS PROPERTY

Dominique FlorioSERHANT.More Info
516-509-5476

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Dominique FlorioSERHANT.More Info
516-509-5476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.