159 Nassau Avenue, New York, NY, 11222, New York, NY, 11222

New York, NY
$2,999,999
🛏️ 12 Bedrooms
🛁 8.0 Bathrooms
📅 Built 1930

Property Description

I'm delighted to present this exceptional income-producing mixed-use property located in the vibrant hub of Greenpoint. The property boasts six rent-stabilized apartments and two commercial spaces, with one currently vacant-perfect for a new business venture. This prime real estate opportunity offers a dependable and lucrative investment with each unit featuring a charming railroad-style 2-bedroom layout. The entire building is meticulously maintained and in excellent condition. This asset promises strong rental income and significant upside potential, with 2 to 3 apartments available for immediate occupancy. Situated in the premier Greenpoint neighborhood of Brooklyn, the property is conveniently close to McCarren and McGolrick Parks, the Nassau Avenue G train station, and the Bedford Avenue L train station-just one stop from Manhattan. Enjoy the proximity to Brooklyn's finest restaurants and a wealth of amenities, making this a highly desirable location for both residential and commercial tenants. Don't miss out on this fantastic opportunity to own a stable and profitable property in one of Brooklyn's most sought-after areas. Other important details: -Built in 1930 -Building: 25x50 -Lot: 25x100 -Gross rent roll: $214,989 -Taxes $13,766.60, Additional information: Appearance:excellent, Building Size:25x50 3 apartments vacant, 1 commercial space vacant

Property Details

Year Built
1,930
Property Sub Type
Multi Family
Bathrooms (Full)
6
Bathrooms (Half)
2
Appliances Included
Gas Water Heater
Cooling System
None, Wall/Window Unit(s)
Heating System
Hot Water, Steam
Fireplaces Total
0
Property Levels
Multi/Split
Public Remarks
I'm delighted to present this exceptional income-producing mixed-use property located in the vibrant hub of Greenpoint. The property boasts six rent-stabilized apartments and two commercial spaces, with one currently vacant-perfect for a new business venture. This prime real estate opportunity offers a dependable and lucrative investment with each unit featuring a charming railroad-style 2-bedroom layout. The entire building is meticulously maintained and in excellent condition. This asset promises strong rental income and significant upside potential, with 2 to 3 apartments available for immediate occupancy. Situated in the premier Greenpoint neighborhood of Brooklyn, the property is conveniently close to McCarren and McGolrick Parks, the Nassau Avenue G train station, and the Bedford Avenue L train station-just one stop from Manhattan. Enjoy the proximity to Brooklyn's finest restaurants and a wealth of amenities, making this a highly desirable location for both residential and commercial tenants. Don't miss out on this fantastic opportunity to own a stable and profitable property in one of Brooklyn's most sought-after areas. Other important details: -Built in 1930 -Building: 25x50 -Lot: 25x100 -Gross rent roll: $214,989 -Taxes $13,766.60, Additional information: Appearance:excellent, Building Size:25x50 3 apartments vacant, 1 commercial space vacant
New Construction
No
Lot Size (Square Feet)
2,500
Parking Features
None
Water Source
Public
Waterfront
No
Association
No
Horse Property
No
Private Pool
No

MLS Information

Listed by: BLT Minimax Realty Inc - Diane M. Muszynski
MLS ID: KEYL3589000
Last Updated: May 1, 2025
Source: onekey2

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Share This Property

Contact Us

Interested in this property? Contact Best American Homes today!

Phone: +1 (516) 792-6252
Email: shah@bestamericanhomes.com
Address: 1561 N Central Ave, Valley Stream, NY 11580