60 Diamond St 6 Unit Apartment Building $3,150,000 ($525,000/Unit) 7.25% Cap Rate Brooklyn, NY 11222

This six-unit multifamily building in Brooklyn’s sought-after Greenpoint neighborhood offers a fully occupied, income-producing asset with long-term potential. The property encompasses a 4,500-square-foot, three-story walkup situated on a 2,500-square-foot lot. All six apartments feature two-bedroom configurations, delivering durable rental appeal and efficient layouts that suit a broad tenant base. With an existing legal structure, the building also offers flexibility for future value-add through combining units or duplexing into the basement to add garden access, enhancing upside potential.
Positioned near McGolrick Park and just a short walk to McCarren Park and the G train, the property benefits from excellent connectivity and access to vibrant amenities, including local cafés, dining establishments, and neighborhood retail. This Greenpoint location continues to experience strong demand for residential rentals driven by transit convenience and neighborhood character. The asset posted a net operating income of approximately $228,314 in 2025, supported by stable leases and efficient operating expenses. Offered at $3,150,000, this opportunity provides immediate in-place cash flow with projected rent growth potential upon lease turnover and unit optimization. Investors gain exposure to one of Brooklyn’s strongest-performing markets with steady long-term fundamentals.