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59 Newell St
Brooklyn, NY 11222
Multifamily Property For Sale · 8 Units

Investment Highlights

  • GREAT INVESTMENT OPPORTUNITY IN THE HEART OF GREENPOINT! THIS WELL-MAINTAINED FOUR-STORY WALK-UP BUILDING FEATURES 8 RENT-STABILIZED RESIDENTIAL UNITS
  • FULL BATHROOM, AND A SEPARATE KITCHEN, PROVIDING STRONG AND CONSISTENT RENTAL APPEAL. THE PROPERTY ALSO INCLUDES A FULL BASEMENT AND STORAGE .
  • ONE BLOCK FROM THE G TRAIN CLOSE TO NYC FERRY, NEAR MCGOLRICK PARK, AND A SHORT DISTANCE TO MCCARREN PARK. SURROUNDED BY POPULAR RESTAURANTS
  • 8,000 SQUARE FEET OF INTERIOR SPACE ON A 25' X 80' BUILDING FOOTPRINT WITH R6B ZONING. EACH SPACIOUS UNIT OFFERS 2 BEDROOMS, A BRIGHT LIVING ROOM,
  • EXCELLENT CONDITION, THIS BUILDING IS BEING SOLD AS IS AND PRESENTS A RARE OPPORTUNITY TO ACQUIRE A STABILIZED MULTIFAMILY ASSET IN ONE OF BROOKLYN'S
  • SHOPS, FITNESS CENTERS, SCHOOLS, AND EVERYDAY CONVENIENCES. ENJOY EASY ACCESS TO PUBLIC TRANSPORTATION AND ALL THAT VIBRANT GREENPOINT HAS TO OFFER.

Executive Summary

GREAT INVESTMENT OPPORTUNITY IN THE HEART OF GREENPOINT NY !THIS WELL-MAINTAINED FOUR-STORY WALK-UP BUILDING FEATURES 8 RENT-STABILIZED RENT!
ONE APARTMENT WILL BE VACANT.

Property Facts

Price Per Unit $373,500
Sale Type Investment
Cap Rate 5.10%
Sale Condition 1031 Exchange
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
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
Zoning R6B - Multi-Family

Amenities

  • Smoke Detector

Unit Amenities

  • Storage Space
  • Washer/Dryer Hookup
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Views
  • Yard
  • Dining Room
  • Garden
  • Intercom

Site Amenities

  • 24 Hour Access
  • Private Bathroom
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 8 - 8,000

Property Taxes

Property Taxes

Parcel Number
02683-0007
Land Assessment
$10,800
Improvements Assessment
$1,434,600
Total Assessment
$1,445,400
  • Listing ID: 40964973

  • Date on Market: 6/17/2026

  • Last Updated:

  • Address: 59 Newell St, Brooklyn, NY 11222

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