Updated 7 years ago
Off Market
160 Eagle Street
Greenpoint, Brooklyn | Manhattan Ave & McGuinness Blvd
Multi-Family
$1,650,500
floors / apts3 / 6
Lot Size25'x100'
Built Size25'x55'
ZoneR6B
Building TypeHouse
RE Taxes$8,424
Property Description for 160 Eagle Street
Douglas Elliman are delighted to bring to the market this perfectly located 6 Family building off the water front yet still in the heart of Green Point. 160 eagle st is the perfect opportunity for all investors/developers to take advantage of this opportunity.
DHCRs & current rents on 160 Eagle St.
1L $733.50
1R Not registered & vacant (new duplex)
2L $77100
2R $788.58 Vacant (new Duplex & studio)
3L $613.00
3R $787.00
Current Monthly rent $2904.00
Total annual $34,847 of current income
1R & 2R are vacant ready for Reno.
Combining both units into a 2 bed 2 bath duplex with private garden & a separate studio to the rear or front of 2R would be 1 legal way to remove from rent stabilization & charge free market rent. Also to underpin entire basement and do 2 duplexes either side is another option
Rental Proforma for 2 bed 2 bath with garden with reserved pricing would be $3500Rental Proforma Half floor self-contained studio would be $1800
Monthly Rent,$4480 annual Rent, $53,760
Annual Taxes $8K
Water & Sewer $3000
Insurance $3000
NOI = $84,448 (after expenses) take home
Building Size 25 x 55
Lot Size 25 X 100
Additional 875 square feet remaining can be developed
Please contact for rent roll & expenses setup
The building is located in a picturesque Greenpoint street in the heart of the neighborhood's food scene. Noted restaurants like Glasserie, Bakeri, Anella, the Water Table, Cassette, and world famous Paulie Gee's Pizzeria are within a few blocks. There is easy transportation via the G Train and the East River Ferry.
DHCRs & current rents on 160 Eagle St.
1L $733.50
1R Not registered & vacant (new duplex)
2L $77100
2R $788.58 Vacant (new Duplex & studio)
3L $613.00
3R $787.00
Current Monthly rent $2904.00
Total annual $34,847 of current income
1R & 2R are vacant ready for Reno.
Combining both units into a 2 bed 2 bath duplex with private garden & a separate studio to the rear or front of 2R would be 1 legal way to remove from rent stabilization & charge free market rent. Also to underpin entire basement and do 2 duplexes either side is another option
Rental Proforma for 2 bed 2 bath with garden with reserved pricing would be $3500Rental Proforma Half floor self-contained studio would be $1800
Monthly Rent,$4480 annual Rent, $53,760
Annual Taxes $8K
Water & Sewer $3000
Insurance $3000
NOI = $84,448 (after expenses) take home
Building Size 25 x 55
Lot Size 25 X 100
Additional 875 square feet remaining can be developed
Please contact for rent roll & expenses setup
The building is located in a picturesque Greenpoint street in the heart of the neighborhood's food scene. Noted restaurants like Glasserie, Bakeri, Anella, the Water Table, Cassette, and world famous Paulie Gee's Pizzeria are within a few blocks. There is easy transportation via the G Train and the East River Ferry.
Listing History for 160 Eagle Street
Now
12/21/2019
TOM by Gerard Smith
Douglas Elliman
09/11/2019
$1,650,500 [-$49,000] [2.9%]
Price Drop by Gerard Smith
Douglas Elliman
Building Details for 160 Eagle Street
OwnershipMulti-Family
Building TypeHouse
AccessWalk-up
Year Built1931
Floors/Apts3/6
Transit and Citi Bike
Subway
Greenpoint Av
0.26 miles
Railroad
Long Island CityLong Island Rail Road
0.47 miles
Citi Bike
Eagle St & Manhattan Ave
0.04 miles
McGuinness Blvd & Eagle St
0.08 miles
Greenpoint | Brooklyn
Quick Profile
Go north, not west. Greenpoint’s placement at the furthermost tip of Brooklyn makes it peak “North Brooklyn” territory. Bordered by the East River, its geographical location has long made Greenpoint integral to maritime activity, present day ferry service to Manhattan included. With Williamsburg to the south and Long Island City to the north, Greenpoint’s “hip factor” often experiences crossover traffic from these areas.
Particularly bustling on the weekend, the edge of McCarren Park at Bedford Avenue and Lorimer Street filters out into prime Greenpoint, where brunch has become a hallowed tradition for newer and longtime residents alike. Bars and restaurants such as Spritzenhaus and Five Leaves also provide close proximity to a post-dining jaunt in the park.
As the neighborhood continues to grow and develop, the old world feel of a tradition of Polish immigrants has commingled with the arrival of enterprising millennials that have become a part of the go-getting spirit of the neighborhood. Filled with small coffee shops, vintage boutiques and award-winning restaurants (as well as tailored bars like TØRST offering up specialty beers on tap), Greenpoint truly is the jewel of North Brooklyn.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 76600TH
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