340 Mcguinness Blvd Brooklyn, NY 11222
- Apartment buildings
- 5,200 SF
- 0.04 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 340 Mcguinness Blvd
- Year built
- 1930
- Lot size
- 0.04 lot acres
- Property size
- 5,200 SF
- Zone code
- M1-1
- Property type
- Apartment buildings
- APN
- 02514-0002
- APU
- 25140002
Description
This prime Greenpoint, Brooklyn mixed-use building at 340 McGuinness Blvd. presents a compelling investment opportunity. The 1,875 square foot property sits on a 0.04-acre lot and features six 2-bedroom, 1-bathroom units, each with an eat-in kitchen. All units are currently rent-stabilized, generating a substantial annual income of $134,617.72, with the potential for increased revenue. Recent upgrades include a new roof (2022), water heater (2024), and gas heater (2024). The building also boasts a full basement with six additional rooms, a utility room, and a half-bath, enhancing its potential for further development or expansion. Exterior features include a backyard with steps and a patio, all finished with granite tiles. Security is ensured with eight surveillance cameras strategically placed inside and outside the building. The property's excellent location provides easy access to public transportation, shops, restaurants, and cafes. While all units are currently tenant-occupied, two units may become vacant soon. This property is offered at $2,350,000. Serious inquiries only. All information is deemed reliable but should be independently verified.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.952
- Latitude
- 40.7342
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
