118 Huron StBrooklyn, NY 11222

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.