59 Newell St | Brooklyn, NY 11222
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59 Newell St
Brooklyn, NY 11222
Multifamily Property For Sale · 8 Units
Executive Summary
Fantastic Real Estate Asset With Value-Add Potential Available In Greenpoint. This Multifamily Investment Property Features Eight Rent Stabilized Apartments Offering Solid & Stable Profits. Each Unit Is A Railroad Style Two Bedroom Apartment And The Whole Building Is In A Very Good Condition Since It Undergone Extensive Renovations & Upgrades Throughout Years. Great Income & So Much Upside Potential; One Unit Will Be Delivered Vacant. Situated In The Premier Brooklyn - Greenpoint Location. Close To McCarren & McGorlick Park, G- Train (Nassau Ave Station) & L Train (Bedford Ave), Just One Stop Away From Manhattan & Brooklyn's Best Restaurants & Amenities.
PROPERTY FACTS
| Price Per Unit | $337,500 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.71% | Lot Size | 0.07 AC |
| No. Units | 8 | Building Size | 8,000 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2022 |
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 8,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1928/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 02683-0007 | Improvements Assessment | $1,207,800 |
| Land Assessment | $10,800 | Total Assessment | $1,218,600 |
PROPERTY TAXES
Parcel Number
02683-0007
Land Assessment
$10,800
Improvements Assessment
$1,207,800
Total Assessment
$1,218,600
zoning
| Zoning Code | R6B (Multi-Family) |
| R6B (Multi-Family) |
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