159 Nassau Avenue Greenpoint NY, 11222 Community District 14 SD# 14
$3,500,000
12 Beds / 6 Full Baths | 2 Half Baths | ML# 3576912
Property Picture

I’m delighted to present this exceptional income-producing mixed-use property located in the vibrant hub of Greenpoint. The property boasts six rent-stabilized apartments and two commercial spaces, with one currently vacant-perfect for a new business venture. This prime real estate opportunity offers a dependable and lucrative investment with each unit featuring a charming railroad-style 2-bedroom layout. The entire building is meticulously maintained and in excellent condition. This asset promises strong rental income and significant upside potential, with 2 to 3 apartments available for immediate occupancy. Situated in the premier Greenpoint neighborhood of Brooklyn, the property is conveniently close to McCarren and McGolrick Parks, the Nassau Avenue G train station, and the Bedford Avenue L train station-just one stop from Manhattan. Enjoy the proximity to Brooklyn’s finest restaurants and a wealth of amenities, making this a highly desirable location for both residential and commercial tenants. Don’t miss out on this fantastic opportunity to own a stable and profitable property in one of Brooklyn’s most sought-after areas. Other important details: -Built in 1930 -Building: 25x50 -Lot: 25x100 -Gross rent roll: $214, 989 -Taxes $13, 766.60

    The Pesce & Lanzillotta Group - Douglas Elliman
    The Pesce & Lanzillotta Team Licensed Associate Real Estate Broker 516.888.9711 info@pl-team.com