MLS#1010064
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 14
Property Description
A rare opportunity to acquire an exceptional, well-maintained 6-Family Building in one of the most sought after neighborhoods. Located in tree-lined block in the heart of Greenpoint, Brooklyn, this income-producing asset offers investors immediate and stable cash flow, long-term appreciation potential, and future upside in a strong rental market. Featuring 10 Bedrooms and 7 Full Bathrooms with Full Finished Basement, private huge backyard with mature trees for a nice view from the kitchens. Current Gross annual rental income of approximately $13,722 per month, $164,665 annually. The building is comprised of 3 free-market units currently month to month and 3 rent-stabilized units, with one rent-stabilized apartment currently vacant, previously owner occupied. Numerous capital improvements have been completed, including four recently renovated apartments, 3 newly updated kitchens, a new boiler (approximately one year old), roof (approximately three years old), and siding (approximately two years old). A professionally installed 24-hour security camera system is also in place.Finished lower level with full bathroom and access to yard offers potential for additional storage, office, recreational, media room, hobby, fitness gym, etc. Ideally situated near McGolrick Park, McCarren Park, minutes from the G train, NYC Ferry, and Greenpoint's renowned restaurants, cafes, Farmer markets, boutiques, and waterfront destinations. The neighborhood continues to experience strong tenant demand and investor interest.Strong rental income with below-market rents - built-in value-add opportunity, Ideal for 1031 exchange buyers seeking a stabilized Brooklyn asset, Favorable cap rate in a high-demand rental corridor, Close proximity to Manhattan via the BQE and multiple transit options.Whether you're a seasoned investor looking to expand your Brooklyn portfolio or a 1031 exchange buyer seeking a quality replacement property, 34 Sutton Street delivers the fundamentals: location, income, and long-term appreciation in one of NYC's most desirable neighborhoods.The property has been professionally managed for the past five years, with organized financial records, leases, operating statements, and maintenance documentation available for review.
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
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: John Priest
Agent Phone: Cell: (516) 967-0507
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 johnpriest.cbamhomes.com today.