199 Java St Brooklyn, NY 11222
Pre-war 6-family building in Greenpoint with significant rental income.
Lot size:
0.06 AcresProperty Features for 199 Java St
General Information
- Property type
- Multi Family
- Standard status
- Active
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1931
Source:
Elliman
Listing Agent: Ralph Modica
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Greenpoint Multifamily Townhouse with Income
Located on a tree-lined street in Greenpoint, Brooklyn, 199 Java Street is a 7,200 sq ft, 6-family brick-and-stone structure built in 1931. The building spans 25’ by 80’ on a 25’ X 100’ lot and contains 6 rental units. A new owner can reside in a newly built-out 1800 sq ft duplex apartment with exclusive garden access, and receive an estimated $181,000 in net income from five rental units. The owner’s unit build-out can be fully customized. The purchaser can also opt to create a larger living space by combining additional units in the building. For example, the buyer could combine both garden/parlor-floor duplexes to create a 3600 sq ft home with multiple private outdoor spaces, and receive net rental income of $125,000 per year. Greenpoint offers NYC skyline views, parks, and recently developed waterfront green spaces. Served by the G subway line and ferry service, Greenpoint is easily reachable by commuters and visitors alike.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.952532
- Latitude
- 40.73202
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FAQs
What type of property is this?
Apartment building - Pre-war 6-family building in Greenpoint with significant rental income.
Where is this apartment building located?
The property is located at 199 Java St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: - Significant recurring rental income of $181,000 net, offering a 6.2% CAP rate.; - Opportunity to live in a newly built-out, customizable 1800 sq ft duplex with exclusive garden access at below-market price ($555/sq ft).; - Located in Greenpoint, Brooklyn, one of NYC's hottest and most desirable neighborhoods.
