$2,988,000
( $373.50Per Sq Foot )
 $16,040 est/mo Sourced by Back At You

59 Newel Street,Brooklyn, NY 11222

Brooklyn, NY 11222

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Description

8-FAMILY 59 NEWEL STREET, BROOKLYN , NEW YORK 11222- GREAT INVESTMENT OPPORTUNITY IN THE HEART OF GREENPOINT! THIS WELL-MAINTAINED FOUR-STORY WALK-UP BUILDING FEATURES 8 RENT-STABILIZED RESIDENTIAL UNITS AND APPROXIMATELY 8,000 SQUARE FEET OF INTERIOR SPACE ON A 25' X 80' BUILDING FOOTPRINT WITH R6B ZONING.EACH SPACIOUS UNIT OFFERS 2 BEDROOMS, A BRIGHT LIVING ROOM, FULL BATHROOM, AND A SEPARATE KITCHEN, PROVIDING STRONG AND CONSISTENT RENTAL APPEAL. THE PROPERTY ALSO INCLUDES A FULL BASEMENT, OFFERING ADDITIONAL STORAGE AND OPERATIONAL FLEXIBILITY.METICULOUSLY MAINTAINED AND IN EXCELLENT CONDITION, THIS BUILDING IS BEING SOLD AS IS AND PRESENTS A RARE OPPORTUNITY TO ACQUIRE A STABILIZED MULTIFAMILY ASSET IN ONE OF BROOKLYN'S MOST SOUGHT-AFTER NEIGHBORHOODS.IDEALLY LOCATED JUST ONE BLOCK FROM THE G TRAIN CLOSE TO NYC FERRY, NEAR MCGOLRICK PARK, AND A SHORT DISTANCE TO MCCARREN PARK. SURROUNDED BY POPULAR RESTAURANTS, SHOPS, FITNESS CENTERS, SCHOOLS, AND EVERYDAY CONVENIENCES. ENJOY EASY ACCESS TO PUBLIC TRANSPORTATION AND ALL THAT VIBRANT GREENPOINT HAS TO OFFER.DON'T MISS THIS EXCEPTIONAL INVESTMENT PROPERTY WITH STRONG LONG-TERM POTENTIAL IN A PRIME LOCATION. MUCH MORE TO DISCOVERSCHEDULE YOUR PRIVATE VIEWING TODAY!

Details

MLS #1014129
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1928
Days On Site81
Listing Provided ByTrademarko Realty Inc | Malgorzata A. Pieniadz CBR

Features

SQ Feet8,000
BasementY
PoolYes
Story(s)4
Units8
ZoningR6B
Acreage0.06
Property ViewNeighborhood

Interior

CoolingWall/Window Unit(s)
HeatingNatural Gas, Other
AppliancesGas Cooktop, Gas Oven, Refrigerator, Gas Water Heater

Exterior

Security FeaturesOther, Smoke Detector(s)
Construction MaterialsBrick
Lot FeaturesBack Yard, Garden
FencingBack Yard, Other

Parking

Parking FeaturesOff Street

Utilities

UtilitiesElectricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, See Remarks, Sewer Connected, Trash Collection Public, Water Connected
SewerPublic Sewer

Location

Community FeaturesFitness Center, Park, Playground, Pool

Taxes

Tax Year2025
Tax Assessed Value1239300
Tax Annual Amount18531.36
Tax Lot7

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11222
School DistrictWilliamsburg Prep School
Elementary SchoolPs 110 Monitor
High SchoolWilliamsburg Prep School
Listing VS Median (in 11222)
Price:
$2,988,000
low | high
Med:
$2,237,500
75.117135207497% of Average
sqft:
8,000
low | high
Med:
3,524
100% of Average
$ / sqft:
$374
low | high
Med:
$653
24.955728999419% of Average
On site:
81
low | high
Med:
111
72.972972972973% of Average
Sourced by Back At You

Market Activity 11222

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Learn More About This Property

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11222
School DistrictWilliamsburg Prep School
Elementary SchoolPs 110 Monitor
High SchoolWilliamsburg Prep School
Listing VS Median (in 11222)
Price:
$2,988,000
low | high
Med:
$2,237,500
75.117135207497% of Average
sqft:
8,000
low | high
Med:
3,524
100% of Average
$ / sqft:
$374
low | high
Med:
$653
24.955728999419% of Average
On site:
81
low | high
Med:
111
72.972972972973% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.241M - $3.735M
sqft: 6,000 - 10,000
Nearby Listings Property ImageNearby Listings Details
790 Manhattan Avenue Property Photo 1
$110,000
790 Manhattan Avenue
Brooklyn, NY 11222
317 Eckford Street Property Photo 1
$2,000,000
317 Eckford Street
Brooklyn, NY 11222
336 Meeker Avenue Property Photo 1
$7,500
336 Meeker Avenue
Brooklyn, NY 11211
Listing Updated: July 21, 2026 at 12:26:35 PM PDT
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