198 Nassau Ave

Greenpoint, Brooklyn | Humboldt Street & Russell Street

24 Rooms12 Beds6 Baths4,200 Square FeetMulti-Family

$2,425,000

floors / apts3 / 6

Lot Size25'x100'

Built Size25'x56'

ZoneR6B

Building TypeTownhouse

RE Taxes$12,312

Price Per SF

$577

Outdoor space and views

Backyard

Property Description for 198 Nassau Ave

Investor Special! Prime Greenpoint 6 Family building for sale! Located in the lively section of Nassau Avenue, this 6 Family property is a great investment opportunity. This well maintained property is just 10 minutes away from the Nassau Ave G train and right around the corner from exquisite McGolrick Park. Steps away from restaurants, shops, bars and boutiques. Property features include: - 3 floors, walkup - 2 apartments per floor, 2 bedrooms each - 12 bedrooms total, 6 full bathrooms total - Eat-in kitchens - Hardwood floors - High ceilings in each apartment - Tons of natural sunlight in each apartment - Full basement, lush large backyard - 4 owner-occupied units, 2 rent-stabilized units - Rent-stabilized units completely renovated Building will be delivered with 4 vacant (owner-occupied) apartments and 2 tenant occupied (rent-stabilized) apartments at closing. Building size: 25 X 56 ft Lot size: 25 X 100 ft FAR: 1.68 MAX FAR: 2 Taxes: $12,314.20/Yr Zoning: R6B, C2-4 Cap Rate: 5% Legal 6 Family Zoning allows for retail conversion of the front ground floor apartments into storefronts/shops. Advertised pictures in listing are of both rent-stabilized apartments in building. Contact me for Revenue/Expense sheet, property videos and details.

Building Details for 198 Nassau Ave

OwnershipMulti-Family

Building TypeTownhouse

AgePre-War

AccessWalk-up

Year Built1936

Floors/Apts3/6

Learn More About the Building

Transit and Citi Bike

Subway

Nassau Av

0.33 miles

Citi Bike

Nassau Ave & Russell St

0.04 miles

Nassau Ave & Newell St

0.14 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: 81032TH

Let us know if you see something incorrect on this listing.