159 Nassau Avenue

Greenpoint

$3,500,000
Price
12
Beds
6
Baths
2
1/2 Baths
5,250 Sq. Ft.
$667 / Sq. Ft.
5,250
Sq. Ft.
$667
per Sq. Ft.

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...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
  1. Listed by Diane M Muszynski • BLT Minimax Realty Inc
    P: 718-609-0800 C: 917-682-6536 dianemusz@yahoo.com

Property Details for 159 Nassau Avenue

Township
Brooklyn
Architectural Style
Colonial
Garage Spaces
.00
Section Area
Diamond Str
LISTING UPDATED: 09/17/2024 01:15 PM

Property Details for 159 Nassau Avenue

StatusActive
MLS ID3576912
Days on Market17
Taxes$13,767 / year
Maintenance-
Min. Down Pymt-
Total Rooms36.0
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1930
Lot Size2,500 SF / 25' x 100'
CountyKings County

Building

159 Nassau Ave

6 Units4 StoriesBuilt in 1930

Building Information for 159 Nassau Avenue

Stories4Residences6Year Built1930Building Size25' x 50'Building Sq. Ft5,000 SFLot Size2,500 SF / 25' x 100'Building Age-Building Type-

Property Information for 159 Nassau Avenue

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 13
  • Tax Block: 2651
  • Tax Lot: 32
  • Property Attached: Yes
  • Structure Type: true
  • Levels: Three Or More
  • Property Condition: excellent
  • New Construction YN: No
  • Flood Zone Report: 1
  • Flood Zone Date: 2024-09-17
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Brooklyn 14
  • Elementary School District: Brooklyn 14
  • Elementary School: Ps 110 Monitor (The)
  • Middle Or Junior School District: Brooklyn 14
  • Middle Or Junior School: John Ericsson Middle School 126
  • High School District: Brooklyn 14
  • High School: A-Tech High School
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 8
Room Information
Room 1 Information
  • Room Level: Basement
  • Room Type: Additional
  • RoomDescription 1: full unfinished
Room 2 Information
  • Room Level: First
  • Room Type: Additional
  • Room Description: 2 commercial spaces 1/1 vacant
Room 3 Information
  • Room Level: Second
  • Room Type: Additional
  • Room Description: 2 bed apartments
Room 4 Information
  • Room Level: Third
  • Room Type: Additional
  • Room Description: 2 bed apartments/1 vacant
Room 5 Information
  • Room Level: Other
  • Room Type: Additional
  • Room Description: 2 bed apartments/1 vacant
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 02651-0032
  • Tax Map Number: 02651-0032
Interior and Exterior Features
Interior Features
  • Amenities: Colonial, Public
  • Number Of Kitchens: 6.0
  • Total Rooms: 36
  • Living Area Units: Square Feet
  • Basement: Bilco Door(s), Full, Unfinished
  • Fireplaces Total: 0
  • Common Walls: 2+ Common Walls
Exterior Features
  • Exterior Property Features: None
  • Elevation Certificate: No
  • Construction Materials: Frame
  • Road Responsibility: Public Maintained Road
Lot Information
  • Lot Size Dimensions: 25x100
  • Building Size: 25x50
  • Building Area Units: Square Feet
Parking
  • Parking Features: None
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: Yes
  • Cooling: None, Window Unit(s)
  • Heating: Natural Gas, Hot Water, Steam
  • Heat Fuel Type: Natural Gas, Hot Water, Steam
  • Hot Water: Gas Stand Alone
  • Number Of Separate Gas Meters: 7
  • Sewer: Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 9
Green Features
  • Green Features: Natural Gas, Hot Water, Steam

Property History for 159 Nassau Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 159 Nassau Avenue

Taxable ValueLand$8,550Additions$775,800Total$784,350
Home Facts
Total Finished SqFt5,250 SqFtLot Size2,500 SqFtYear Built1930ZoningR6BAPN3026510032

Schools near 159 Nassau Avenue

This home is within Nyc Geog District #14 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 2
Rating
School
Distance
P.S. 110 The Monitor
PublicPK to 5

John Ericsson Middle School 126
Public6 to 8

A-Tech High School
Public9 to 12

Citizens of the World Charter School 1
CharterK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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159 Nassau Avenue is a multi-family home for sale in Greenpoint. This property was listed for sale on September 5, 2024 by BLT Minimax Realty Inc, it's currently listed at $3,500,000. This listing's school district is Nyc Geog District #14 - Brooklyn. Nearby schools include P.S. 110 The Monitor, John Ericsson Middle School 126 and A-Tech High School. 159 Nassau Avenue is a 12-bed, 7-bath, 5,250 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BLT Minimax Realty Inc

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.