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597 Morgan Ave
Brooklyn, NY 11222
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Three-story, three-unit multifamily building in the Greenpoint neighborhood of Brooklyn.
- R6B zoning with approximately 400 SF of available air rights for potential addition.
- Close to Nassau Avenue G subway station and McGolrick Park, providing accessibility and neighborhood amenities.
- Three large two-bedroom apartments, approximately 925 SF each.
- Each unit separately metered; tenants pay their own heat, hot water, and electric.
- Located in a high-demand rental area with strong upward rent potential and low vacancy factors.
Executive Summary
Marcus and Millichap is pleased to offer for sale on exclusive basis 597 Morgan Ave Greenpoint NY 11222.
Greenpoint is one of the best places to live in New York. Living in Greenpoint offers residents a dense urban feel.
The property consists of three 2 BR units approximately 925 SF.
The units are speartately metered, the tenants pay their own gas heat, hotwater and electric.
Lots of potential upside.
The lot is 19 X 100 FT and the building dimension is 19 X 54 FT, the zoning is R6B with 400 SF of air rights available.
Greenpoint is one of the best places to live in New York. Living in Greenpoint offers residents a dense urban feel.
The property consists of three 2 BR units approximately 925 SF.
The units are speartately metered, the tenants pay their own gas heat, hotwater and electric.
Lots of potential upside.
The lot is 19 X 100 FT and the building dimension is 19 X 54 FT, the zoning is R6B with 400 SF of air rights available.
Property Facts
| Price Per Unit | $983,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 2.14% | Lot Size | 0.04 AC |
| No. Units | 3 | Building Size | 3,402 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1901/2005 |
| Zoning | R6B - Medium Density Residential District | ||
| Price Per Unit | $983,333 |
| Sale Type | Investment |
| Cap Rate | 2.14% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,402 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1901/2005 |
| Zoning | R6B - Medium Density Residential District |
Property Taxes
| Parcel Number | 02690-0119 | Improvements Assessment | $152,820 |
| Land Assessment | $15,480 | Total Assessment | $168,300 |
Property Taxes
Parcel Number
02690-0119
Land Assessment
$15,480
Improvements Assessment
$152,820
Total Assessment
$168,300
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