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Presenting A Rare Opportunity To Own A Double-lot Package In The Heart Of Greenpoint, Brooklyn. 636 And 638 Humboldt Street Are Being Offered Together, Delivering A Combined 50 Feet Of Frontage And Over 8, 380 Sf Of Potential — Ideal For Investors, Developers, Or End-users Seeking Long-term Upside In One Of Brooklyn’s Most Desirable And Rapidly Evolving Neighborhoods. 638 Humboldt Currently Has 6 Units Which Have Existing Rent Rolls In Place. Offering Memo Available Upon Request. Noi - $63, 674.08 Cap Rate: 7.11% Both Properties Sit On R6b-zoned Lots With A Combined Lot Size Of Approximately 5000 Sf, Offering Significant Development Potential Or Existing Cash Flow As Income-generating Assets With A Very Low Entry Point. Whether You Choose To Hold And Collect, Renovate And Reposition, Or Develop From The Ground Up, The Possibilities Are Immense. Nestled On A Charming Tree-lined Block Just Steps From Mcgolrick Park And Close To Nassau Avenue, This Location Offers The Perfect Blend Of Neighborhood Charm And Urban Accessibility. Residents Enjoy Easy Access To The G Train, Local Dining Institutions, Cafes, And Boutique Retail.
Location/Town | New York |
Area/County | Brooklyn |
Post Office/Postal City | Brooklyn |
Prop. Type | Commercial Sale |
Tax | $16,050.00 |
Year Built | 1931 |
Basement | Storage Space, Unfinished, Walk-Out Access |
Construction | Brick |
Total Units | 6 |
Lot SqFt | 2,450 |
Cooling | None |
Heat Source | Oil |
Util Incl | Trash Collection Public |
Days On Market | 1 |
Tax Assessed Value | 638100 |
Units | 6 |
School District | Brooklyn 14 |
Middle School | John Ericsson Middle School 12 |
Elementary School | Ps 110 Monitor (The) |
High School | Williamsburg Hs-Art-Tech |
Listing information courtesy of: Keller Williams Points North |