159 Nassau Ave - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$2,999,999 USD
159 Nassau Ave, Brooklyn, NY for Sale
$2,999,999 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

159 Nassau Ave
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • Foot traffic for commercial space

OVERVIEW

I'm delighted to present this exceptional income-producing mixed-use property located in the vibrant hub of Greenpoint. The property boasts six rent-stabilized apartments and two commercial spaces, with one currently vacant-perfect for a new business venture. This prime real estate opportunity offers a dependable and lucrative investment with each unit featuring a charming railroad-style 2-bedroom layout. The entire building is meticulously maintained and in excellent condition. This asset promises strong rental income and significant upside potential, with 2 to 3 apartments available for immediate occupancy. Situated in the premier Greenpoint neighborhood of Brooklyn, the property is conveniently close to McCarren and McGolrick Parks, the Nassau Avenue G train station, and the Bedford Avenue L train station-just one stop from Manhattan. Enjoy the proximity to Brooklyn's finest restaurants and a wealth of amenities, making this a highly desirable location for both residential and commercial tenants. Don't miss out on this fantastic opportunity to own a stable and profitable property in one of Brooklyn's most sought-after areas. Other important details: -Built in 1930 -Building: 25x50 -Lot: 25x100 -Gross rent roll: $214,989 -Taxes $13,766.60, Additional information: Appearance:excellent, Building Size:25x50 3 apartments vacant, 1 commercial space vacant

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$569 USD /SF

# OF UNITS

8

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5

APN/PARCEL ID

02651-0032

ASK ABOUT THIS PROPERTY

Diane MuszynskiNew York Realty MiniMaxMore Info

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