34 Sutton Street,Brooklyn, NY 11222
Brooklyn, NY 11222
Description
Exceptional Turnkey 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, 2 rent-stabilized apartments, and one owner-occupied apartment that is presently vacant. 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.
Details
| MLS # | 1010064 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 96 |
| Listing Provided By | Red Jasmine Real Estate | Karina M. Guevara CBR |
Features
| SQ Feet | 4,125 |
|---|---|
| Basement | Y |
| Units | 6 |
| Zoning | R6B |
| Acreage | 0.06 |
| Property View | Trees, Woods |
Interior
| Cooling | Electric, Wall/Window Unit(s) |
|---|---|
| Heating | Hot Water |
Exterior
| Security Features | Security System |
|---|---|
| Construction Materials | Aluminum Siding, Brick |
| Fencing | Back Yard, Fenced, Front Yard |
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 639000 |
| Tax Annual Amount | 12354 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11222 |
| Listing VS Median (in 11222) | |
Price: $2,250,000 low | high Med: $2,237,500 sqft: 4,125 low | high Med: 3,524 $ / sqft: $545 low | high Med: $653 On site: 96 low | high Med: 115 | |
Market Activity 11222
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11222 |
| Listing VS Median (in 11222) | |
Price: $2,250,000 low | high Med: $2,237,500 sqft: 4,125 low | high Med: 3,524 $ / sqft: $545 low | high Med: $653 On site: 96 low | high Med: 115 | |
 | $2,250,00034 Sutton StreetBrooklyn, NY 11222 |
 | $4,100,00042 Driggs AvenueBrooklyn, NY 11222 |
 | $1,150,000695 Meeker AvenueBrooklyn, NY 11222 |