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Renovated Greenpoint Multifamily Investment Property

46 Sutton St, Brooklyn, NY 11222

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For Sale

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Renovated 6-unit building in prime Greenpoint location with vacant units.

Type:Multifamily

Property size:

4,500 SF

Lot size:

0.06 Acres

Price / SF:

$460/SF

HighLights

Two units delivered vacant, offering immediate rental income or owner‑occupancy potential.
Renovated units with stainless steel appliances, hardwood floors, and high ceilings.
Prime Greenpoint location, close to McGolrick Park, the G train, shops, restaurants, and bars.
High‑income investment property with six units.
Large backyard for tenants' enjoyment.
Recent upgrades including new electric, new windows, a brand new back wall, and brand new front doors.

We can help!

Contact an agent

Robert Napolitano

For Sale

Contact for pricing

Renovated 6-unit building in prime Greenpoint location with vacant units.

Type:Multifamily

Property size:

4,500 SF

Lot size:

0.06 Acres

Price / SF:

$460/SF

Added:: Feb 4, 2021
Days on Market:: 1978
Last Refresh:: Jun 27 at 8:57 pm

Property Features for 46 Sutton St

General Information

Standard status: Active
Size: 4,500 SF
Lot size: 0.06 Acres
Property subtype: Multifamily

Building Details

Year Built: 1937

We can help!

Contact an agent

Robert Napolitano

Listing office Capri Jet Realty Corp

Listing date Feb 4, 2021

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Capri Jet Realty Corp

HighLights

Two units delivered vacant, offering immediate rental income or owner‑occupancy potential.
Renovated units with stainless steel appliances, hardwood floors, and high ceilings.
Prime Greenpoint location, close to McGolrick Park, the G train, shops, restaurants, and bars.
High‑income investment property with six units.
Large backyard for tenants' enjoyment.
Recent upgrades including new electric, new windows, a brand new back wall, and brand new front doors.

Overview

This renovated multifamily property is located in Greenpoint, Brooklyn, just two blocks from McGolrick Park and half a mile from the Nassau Avenue G train station, surrounded by shops, restaurants, boutiques, and bars. The building features six renovated units, each with two bedrooms and one bathroom, except for one railroad-style unit. Each unit is equipped with stainless steel appliances, hardwood floors, and high ceilings. The property includes a large backyard and a full basement. The roof was replaced seven years ago, and the property has new electric and windows, a new back wall, and new front doors. Two apartments will be delivered vacant at closing. The lot size is 25 x 100 ft, and the building size is 25 x 60 ft. The zoning is R6B, with a FAR of 1.80 and a MAX FAR of 2. The property's taxes are $10,705 per year. This property is an investment opportunity.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$254.9k	$56.64
− Vacancy	−$5.1k	−$1.13
EGI	$249.8k	$55.51
− OpEx	−$112.4k	−$24.98
NOI	$137.4k	$30.53

4,500 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,380 @ 7.0% cap · market cap 6.64%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$3.73M

$3.26M – $4.35M (±1% cap)

NOI $260,820 @ 7.0% cap · market cap 12.60%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.940225
Latitude: 40.724555

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For sale
Apartment buildings
NY
Brooklyn
11222
46 Sutton St

What type of property is this?

Apartment building - Renovated 6-unit building in prime Greenpoint location with vacant units.

Where is this apartment building located?

The property is located at 46 Sutton St Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,070,000.

What are key features of this property?

This property features: Two units delivered vacant, offering immediate rental income or owner‑occupancy potential.; Renovated units with stainless steel appliances, hardwood floors, and high ceilings.; Prime Greenpoint location, close to McGolrick Park, the G train, shops, restaurants, and bars.