Price Reduced 8.57%
Price History
$3,500,000
11/1/2024
$3,200,000
3/18/2025
159 Nassau Avenue, New York, (Brooklyn), NY, 11222
36 rooms
12 beds
6 Full / 2 Half baths
1930
Colonial
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, Additional information: Appearance:excellent, Building Size:25x50 3 apartments vacant, 1 commercial space vacant
Status:
Active
Town:
New York
Type:
Commercial
Units:
8
Heating:
Natural Gas, Hot Water, Steam
Cooling:
None, Wall/Window Unit(s)
Basement:
Bilco Door(s), Full, Unfinished
Est. Taxes:
$13,767
Construction
Frame
Elementary School:
Ps 110 Monitor (The)
Middle School:
John Ericsson Middle School 126
School District:
Community District 14
Days on Market:
146
Appliances:
Gas Water Heater
MLS #:
3589000
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of BLT Minimax Realty Inc 718-609-0800