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Anthony Crews

anthony@atcrewsnyc.com +1(917) 702-1951

$2,399,000

Est. payment - /mo

2,500 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1010064

Rental Info No

Year Built 1940

Annual Tax Amount $12,354

Lot Size 2,500 Sqft

Acres 0.0574

Property Sub-Type Multi Family

Source onekey2

Property Description

A rare opportunity to acquire an exceptional, well-maintained 6-Family Building in one of the most sought after neighborhoods. Located in tree-lined block in the heart of Greenpoint, Brooklyn, this income-producing asset offers investors immediate and stable cash flow, long-term appreciation potential, and future upside in a strong rental market. Featuring 10 Bedrooms and 7 Full Bathrooms with Full Finished Basement, private huge backyard with mature trees for a nice view from the kitchens. Current Gross annual rental income of approximately $13,722 per month, $164,665 annually. The building is comprised of 3 free-market units currently month to month and 3 rent-stabilized units, with one rent-stabilized apartment currently vacant, previously owner occupied. Numerous capital improvements have been completed, including four recently renovated apartments, 3 newly updated kitchens, a new boiler (approximately one year old), roof (approximately three years old), and siding (approximately two years old). A professionally installed 24-hour security camera system is also in place.
Finished lower level with full bathroom and access to yard offers potential for additional storage, office, recreational, media room, hobby, fitness gym, etc. Ideally situated near McGolrick Park, McCarren Park, minutes from the G train, NYC Ferry, and Greenpoint's renowned restaurants, cafes, Farmer markets, boutiques, and waterfront destinations. The neighborhood continues to experience strong tenant demand and investor interest.
Strong rental income with below-market rents — built-in value-add opportunity, Ideal for 1031 exchange buyers seeking a stabilized Brooklyn asset, Favorable cap rate in a high-demand rental corridor, Close proximity to Manhattan via the BQE and multiple transit options.
Whether you're a seasoned investor looking to expand your Brooklyn portfolio or a 1031 exchange buyer seeking a quality replacement property, 34 Sutton Street delivers the fundamentals: location, income, and long-term appreciation in one of NYC's most desirable neighborhoods.
The property has been professionally managed for the past five years, with organized financial records, leases, operating statements, and maintenance documentation available for review.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Finished, Full

Interior

Heating Hot Water

Cooling Electric, Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Fence Back Yard, Fenced, Front Yard

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected

View Trees/Woods

Building

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding,Brick

Schools

High Schools Brooklyn 14

School District Brooklyn 14

Others

Special Listing Condition None

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Red Jasmine Real Estate • Karina M. Guevara CBR

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Anthony Crews

+1(917) 702-1951

Broker

34 Sutton ST Brooklyn, NY 11222

Anthony Crews

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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