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58 Huron St - 58 Huron Street 3 Unit Apartment Building Offered at $2,895,000 at a 5.60% Cap Rate Brooklyn, NY 11222
Executive Summary
• Brick Boutique 25 Footer - The property is a classic 25-foot-wide brick townhouse, a notably rare offering along the Greenpoint waterfront, where the streetscape is increasingly dominated by large-scale luxury developments. Spanning three stories and configured as a three-family, the building delivers exceptional scale, enduring construction quality, and low-maintenance ownership. Its boutique character and oversized width provide a level of privacy, light, and flexibility that is virtually impossible to replicate in today’s market.
The seller is a licensed real estate agent in the state of New York and has an interest in the property.
• Premier Greenpoint Waterfront Location - Located less than a block from the India Street ferry landing, the property offers seamless access to Manhattan via the NYC Ferry, providing a direct and highly desirable commute alternative. Additional access to the G train further enhances connectivity, making this an ideal location.
• Live + income Opportunity - The property presents a rare opportunity for an owner-user to enjoy a primary residence while generating supplemental rental income. Configured as a three-family, the building allows for an owner’s duplex or full-floor residence with income-producing units below or above. Existing units are in move-in condition and feature modern upgrades, including in-unit washer/dryers, updated kitchens, and spacious layouts; this is ideal for immediate occupancy or premium rental positioning.
• Surrounded by Luxury Developments- The property is surrounded by over 1,000+ newly developed residential units at Greenpoint Landing, as well as premier waterfront developments including 18 India, The Riverie Apartments, The Huron, and West Wharf, driving continued appreciation and tenant demand.
• Exceptionally Low Tax Bill - Annual real estate taxes are just $6,210, providing a significant operating advantage relative to comparable Brooklyn assets and enhancing overall yield for both investors and end-users.
The seller is a licensed real estate agent in the state of New York and has an interest in the property.
• Premier Greenpoint Waterfront Location - Located less than a block from the India Street ferry landing, the property offers seamless access to Manhattan via the NYC Ferry, providing a direct and highly desirable commute alternative. Additional access to the G train further enhances connectivity, making this an ideal location.
• Live + income Opportunity - The property presents a rare opportunity for an owner-user to enjoy a primary residence while generating supplemental rental income. Configured as a three-family, the building allows for an owner’s duplex or full-floor residence with income-producing units below or above. Existing units are in move-in condition and feature modern upgrades, including in-unit washer/dryers, updated kitchens, and spacious layouts; this is ideal for immediate occupancy or premium rental positioning.
• Surrounded by Luxury Developments- The property is surrounded by over 1,000+ newly developed residential units at Greenpoint Landing, as well as premier waterfront developments including 18 India, The Riverie Apartments, The Huron, and West Wharf, driving continued appreciation and tenant demand.
• Exceptionally Low Tax Bill - Annual real estate taxes are just $6,210, providing a significant operating advantage relative to comparable Brooklyn assets and enhancing overall yield for both investors and end-users.
Property Facts
| Price | $2,895,000 | Property Type | Multifamily |
| Price Per Unit | $965,000 | Building Class | C |
| Sale Type | Investment | Building Size | 2,700 SF |
| Cap Rate | 5.60% | No. Stories | 3 |
| Gross Rent Multiplier | 15.1 | Year Built | 1901 |
| No. Units | 3 | ||
| Zoning | M1-2/R6A/MX-8 - A Special Mixed-Use District (MX) in NYC that pairs a light industrial zone (M1-2) with a medium-density residential zone (R6A). It allows for residential, commercial, and industrial uses, typically applying Quality Housing Program regulations. | ||
| Price | $2,895,000 |
| Price Per Unit | $965,000 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 15.1 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Class | C |
| Building Size | 2,700 SF |
| No. Stories | 3 |
| Year Built | 1901 |
| Zoning | M1-2/R6A/MX-8 - A Special Mixed-Use District (MX) in NYC that pairs a light industrial zone (M1-2) with a medium-density residential zone (R6A). It allows for residential, commercial, and industrial uses, typically applying Quality Housing Program regulations. |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
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58 Huron St - 58 Huron Street
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