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Four-Story Multifamily Property in Greenpoint Listing Details & Market Data

67 Sutton St, Brooklyn, NY 11222

  • For Sale Contact for pricing
  • Property Type Multi-Family
  • Property Size 6,050 SF
  • Units 8
  • Lot Size 2,550 SF
  • # of Floors 4
  • Property Tenancy Multi-Tenant
  • Year Built 1928
  • Date Updated Mar 09, 2022

TerraCRG has been retained to exclusively represent ownership in the sale of 67 Sutton Street, a large brick multifamily building located in the Greenpoint neighborhood of Brooklyn.


The 6,050 SF, tax-class protected building sits between Nassau and Driggs Avenue and contains 8 residential units. The Sutton Street property is fully occupied and three of the apartments are free market. There is a large backyard garden designated for the free market unit on the ground floor.

Currently, the property has a gross income of ~$157,000 and a net operating income of ~$112,000. The two rent-controlled units provide substantial upside in the case of a vacancy as the units then become rent stabilized with the owner setting a new first rent stabilized rent.

67 Sutton Street sits two blocks from the extremely popular McGolrick Park. The property also enjoys close proximity to a wide variety of well-known cafes, bakeries, and restaurants such as Goldie’s Bar, the Palace, Amber Steak House, Variety Coffee Roasters and Green Lane Coffee.With close proximity to the G & L subway lines, a variety of dependable transportation services are provided to help get you around the borough and stay connected, including multiple bus services and New York’s East River Ferry.

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Location

  • Walk Score ® Walker's Paradise (93)
  • Transit Score ® Good Transit (65)
  • Bike Score ® Very Bikeable (81)
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  • City Brooklyn, NY
  • Neighborhood Greenpoint
  • Zip Code 11222
  • Market Brooklyn

Contacts

broker

Michael Hernandez

TerraCRG

(718) 768-6888

broker

Matt Cosentino

TerraCRG

(718) 768-6888

broker

Remi Norris

TerraCRG

(718) 395-1877

Contact Four-Story Multifamily Property in Greenpoint

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