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34 Sutton St
Brooklyn, NY 11222
Multifamily Property For Sale
·
6 Units
Executive Summary
Exceptional investment opportunity in the heart of Greenpoint. This well-maintained 6-family building is situated on a desirable tree-lined block and offers strong in-place income with significant upside potential. The property features 10 bedrooms, 7 full bathrooms, a full finished basement with an additional full bath, and a large private backyard with mature trees. The building consists of 3 free-market apartments and 3 rent-stabilized apartments, including one currently vacant rent-stabilized unit previously occupied by the owner. Current gross rental income is approximately $164,665 annually. Numerous capital improvements have been completed, including four renovated apartments, three updated kitchens, a new boiler (approx. 1 year old), roof (approx. 3 years old), siding (approx. 2 years old), and a professionally installed 24-hour security camera system. The finished lower level offers flexible space for storage, recreation, office, fitness, or other permitted uses, with direct access to the backyard. Ideally located near McGolrick Park, McCarren Park, the G train, NYC Ferry, and Greenpoint's vibrant dining, shopping, and waterfront amenities. This income-producing asset presents an excellent opportunity for investors or 1031 exchange buyers seeking stable cash flow, long-term appreciation, and value-add potential in one of Brooklyn's most sought-after neighborhoods. Financials, leases, operating statements, and maintenance records available upon request.
Property Facts
| Price Per Unit | $399,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 6 | Building Size | 4,125 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Apartment Style | Low-Rise | ||
| Zoning | R6B - Medium density residential district | ||
| Price Per Unit | $399,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 4,125 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6B - Medium density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 750 |
Property Taxes
| Parcel Number | 02690-0052 | Improvements Assessment | $505,350 |
| Land Assessment | $5,850 | Total Assessment | $511,200 |
Property Taxes
Parcel Number
02690-0052
Land Assessment
$5,850
Improvements Assessment
$505,350
Total Assessment
$511,200
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