67 SUTTON STREET

For Sale - Brooklyn - Greenpoint

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Net Operating Income: $121,157

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Key Details

Property Type
MultiFamily
Neighborhood
Greenpoint
Property Dimensions
25.5 x 75.0
Property Area
7,650 sq.ft.
Total Units:
8
Stories:
4
NOI
$121,157
Price
Submit Best Offer
Price Per Unit
-
Cap Rate
3.5%

Listing Description

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 67 Sutton Street, a four-story residential building in the Greenpoint neighborhood of Brooklyn.

· Building consists of 3 renovated free-market units, 2 rent control units, and 3 rent-stabilized units of which 1 is vacant.
· Rent control units offer substantial upside, as “first rent” can be established at market rate if/when tenants vacate.
· As Tax Class 2B, the building is protected from substantial property tax increases.
· All eight units have 2 bedrooms. Apt 1L benefits from access to back yard & has washer/dryer.
· Public transportation is available via the G train at Nassau Ave station, and the L train at Graham Ave.
· Close proximity to Msgr McGolrick Park and McCarren Park.

Property Details

Block/Lot:
2689/19
Lot Dimensions
25.5 x 100.0
Lot Area
2,550 sq.ft
Zoning:
R6B
FAR as Built:
3.0
Max FAR:
2.0
D.J. JohnstonB6 Real Estate Advisors
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Sales & Transactions

AddressSale PriceSale DateProperty Type
196 KINGSLAND AVENUE$1,800,00007/31/2018MultiFamily
81 INDIA STREET$1,900,00007/25/2018MultiFamily
292A MCGUINNESS BOULEVARD$1,325,00007/24/2018MultiFamily
528 LEONARD STREET$2,500,00007/19/2018MultiFamily
110 CALYER STREET$2,825,00007/10/2018MultiFamily
162 MONITOR STREET$770,00006/21/2018MultiFamily
170 KENT STREET$650,00005/30/2018MultiFamily
872 LORIMER ST$2,800,00005/23/2018MultiFamily
602 MANHATTAN AVENUE$5,123,96705/23/2018MultiFamily
157 ENGERT AVENUE$2,000,00005/18/2018MultiFamily