MLS#1010064
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 14
Property Description
Exceptional investment opportunity in the heart of Greenpoint. This well-maintained 6-family building is situated on a desirable tree-lined block and offers strong in-place income with significant upside potential. The property features 10 bedrooms, 7 full bathrooms, a full finished basement with an additional full bath, and a large private backyard with mature trees.The building consists of 3 free-market apartments and 3 rent-stabilized apartments, including one currently vacant rent-stabilized unit previously occupied by the owner. Current gross rental income is approximately $164,665 annually. Numerous capital improvements have been completed, including four renovated apartments, three updated kitchens, a new boiler (approx. 1 year old), roof (approx. 3 years old), siding (approx. 2 years old), and a professionally installed 24-hour security camera system.The finished lower level offers flexible space for storage, recreation, office, fitness, or other permitted uses, with direct access to the backyard.Ideally located near McGolrick Park, McCarren Park, the G train, NYC Ferry, and Greenpoint's vibrant dining, shopping, and waterfront amenities. This income-producing asset presents an excellent opportunity for investors or 1031 exchange buyers seeking stable cash flow, long-term appreciation, and value-add potential in one of Brooklyn's most sought-after neighborhoods. Financials, leases, operating statements, and maintenance records available upon request.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Finished, Full
Cooling: Electric, Wall/Window Unit(s)
Fenced: Yes
Heating: Hot Water
Lot Size: 0.06 Acres
Taxes: $12,354
Year Built: 1940
Feature Descriptions
Building Area Total: 4125
Days on Site: 2
Exterior: Aluminum Siding, Brick
Fencing: Back Yard, Fenced, Front Yard
Fuel Expense: 4583
Heating Units: 1
Heating Zones: 1
Maintenance Expense: 1200
Maintenance Expense: 1200
On Market Date: 2026-06-06
Parcel Number: 02690-0052
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Security: yes
Security Features: Security System
Separate Electric Meters: 6
Separate Gas Meters: 6
Sewer: Public Sewer
Special View Info: Trees/Woods
Trash Expense: 1615
Units: 6
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: Brooklyn 14
Listed By / Shown By
Listing By
Agency Name: Red Jasmine Real Estate
Agency Contact: 516-784-1019
Shown By
Agent Name: Danielle Morgenbesser
Agent Phone: (631) 331-9700
Agency Title: Coldwell Banker American Homes
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34 Sutton Street | MLS# 1010064
This commercial property located at 34 Sutton Street, Brooklyn, NY 11222 is currently listed for sale with an asking price of $2,399,000. Sutton Street is located within the Brooklyn 14 school district. Search Brooklyn real estate on daniellemorgenbesser.cbamhomes.com today.