118 Huron St Brooklyn, NY 11222-5820

Property Details for 118 Huron St

Year built

1928

Lot size

0.06 lot acres

Property size

6,000 SF

Zone code

R6B

Property type

Apartment buildings

APN

02532-0019

APU

25320019

Description

This exceptional investment opportunity presents a meticulously renovated eight-unit apartment building nestled in the vibrant Greenpoint neighborhood of Brooklyn, New York. The property, located at 118 Huron St, boasts a prime location, just 0.3 miles from the Greenpoint Ave G train station, and within easy walking distance to the waterfront Greenpoint Public Park and Greenpoint Ferry Terminal. Greenpoint Avenue, with its diverse array of shops, boutiques, restaurants, and bars, is also just four blocks away. This four-story building, constructed in 1928, offers 6,000 square feet of net rentable space, spread across eight units. Seven units feature a desirable two-bedroom, two-bathroom layout, while one unit offers three bedrooms and one bathroom. All units showcase hardwood floors, high ceilings, and stainless steel appliances. Two units, #1L and #3R, have undergone complete renovations. The building also includes a full basement and a beautiful large backyard. Second-floor units enjoy the added benefit of large balconies. The lot measures 25 x 100 feet, while the building itself is 25 x 60 feet. The property is zoned R6B with a FAR of 2.4 and a maximum FAR of 2. Annual property taxes are $14,865. The asking price is $3,700,000, representing $462,500 per unit and $616.67 per square foot. The building is being sold "as is." This presents a compelling value-add investment opportunity in a highly sought-after location.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9567

Latitude

40.7326

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments