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This exceptional investment opportunity presents a meticulously renovated eight-unit apartment building nestled in the vibrant Greenpoint neighborhood of Brooklyn, New York. The property, located at 118 Huron St, boasts a prime location, just 0.3 miles from the Greenpoint Ave G train station, and within easy walking distance to the waterfront Greenpoint Public Park and Greenpoint Ferry Terminal. Greenpoint Avenue, with its diverse array of shops, boutiques, restaurants, and bars, is also just four blocks away. This four-story building, constructed in 1928, offers 6,000 square feet of net rentable space, spread across eight units. Seven units feature a desirable two-bedroom, two-bathroom layout, while one unit offers three bedrooms and one bathroom. All units showcase hardwood floors, high ceilings, and stainless steel appliances. Two units, #1L and #3R, have undergone complete renovations. The building also includes a full basement and a beautiful large backyard. Second-floor units enjoy the added benefit of large balconies. The lot measures 25 x 100 feet, while the building itself is 25 x 60 feet. The property is zoned R6B with a FAR of 2.4 and a maximum FAR of 2. Annual property taxes are $14,865. The asking price is $3,700,000, representing $462,500 per unit and $616.67 per square foot. The building is being sold "as is." This presents a compelling value-add investment opportunity in a highly sought-after location.
Highlights
$3,700,000 asking price for an 8-unit multifamily value-add investment opportunity.
6,000 square feet building on a 2,500 square foot lot in Brooklyn, NY.
Renovated 8-unit apartment building with 7 two-bedroom/two-bathroom units and 1 three-bedroom/one-bathroom unit.
Prime Greenpoint location, close to public transportation, waterfront park, and Greenpoint Avenue's amenities.
Features include stainless steel appliances, hardwood floors, high ceilings, a large backyard, and a full basement.
Property Details
for 118 Huron St
Property type
Multifamily properties, Apartment buildings
Square Feet
6,000 SF
Year Built
1928
Buildings
1
Stories
4
Units
8
Location Insight
City
Brooklyn
County
Kings
State
New York
Latitude
40.732841300275
Longitude
-73.956799931743
118 Huron St, Brooklyn, New York
Nearby Similar for Sale
For Sale
$4,700,000
Crown Heights 17-Unit Multifamily
Prime Brooklyn investment opportunity. High cash flow.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.