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$2,700,000   Price Analysis
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59 Newell St
Brooklyn, NY 11222
16 bed 8 bath 8,000 SqFt ($337/SqFt)
2,500SqFt lot. Built 1928
Listed 2023-07-11, Taxes $12,325
Ⓧ USDA Ineligible
due to price & location

near Brooklyn

Fantastic Real Estate Asset With Value-Add Potential Available In Greenpoint.

This Multifamily Invstment Property Features Eight Rent Stabilized Apartments Offering Solid and Stable Profits. Each Unit Is A Railroad Style Two Bedroom Apartment And The Whole Building Is In A Very Good Condition Since It Undergone Extensive Renovations and Upgrades Throughout Years.

Great Income and So Much Upside Potential; One Unit Will Be Delivered Vacant. Situated In The Premier Brooklyn - Greenpoint Location. Close To McCarren & McGorlick Park, G- Train (Nassau Ave Station) & L Train (Bedford Ave), Just One Stop Away From Manhattan & Brooklyn's Best Restau rants & Amenities.


Presented by Margaret Goworek at
EXIT ALL SEASONS REALTY.


Property MLS #3489431 from OneKeyMLS

Bedrooms: 16

Total Rooms: 32
Basement Features: Full, Unfinished, Walk-Out Access
Basement Description: Full, Unfinished, Walk-Out Access

Total Bathrooms: 8
Full Bathrooms: 8

Cathedral Ceiling(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Flooring: Hardwood

Oven
Refrigerator

Cooling Features: Zoned
Fuel Expense: 4664
Heating Features: Natural Gas, Forced Air

Lot Description: Near Public Transit
Lot Size Acres: 0.0573921
Lot Size Dimensions: 25x100
Lot Size Square Feet: 2500

Parking Features: On Street

Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 426

Elementary School: Ps 110 Monitor (The)
Elementary School District: Brooklyn 14
High School: A-Tech High School
High School District: Brooklyn 14
Middle School: Conselyea Prep School
Middle or Junior School District: Brooklyn 14

Ps 110 The Monitor is a public elementary school located approximately 0.3 miles away.
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St. Stanislaus Kostka School is a private elementary and middle school located approximately 0.1 miles away.
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John Ericsson Middle School 126 is a public middle school located approximately 0.3 miles away.
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Northside Charter High School is a public high school located approximately 0.3 miles away.
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Number of Units: 8
Number of 2 Bedroom Units: 8

Tenant Pays: Electricity, Gas

Community Features: Park, Near Public Transportation

Annual Tax Amount: 17010.40
Tax Block: 2683
Source Listing Status: Active
County: Brooklyn
Cross Street: Nassau Ave
Directions: Please See MapQuest.com
List Price Low: 2700000
Source Property Type: Residential Income
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 8
Owner Pays: Insurance
Parcel Number: 02683-0007
Township: Brooklyn
Zoning Description: R6B
Property Subtype: Multi Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$1,042,650 + $10,800
$1,053,450
$12,325
2021$1,147,050 + $10,800
$1,157,850
$15,256
2020$1,259,550 + $10,800
$1,270,350
$14,364
2019$1,151,280 + $10,800
$1,162,080
$13,453
2018$105,478 + $1,190
$106,668
$13,452
2017$101,984 + $1,340
$103,324
$13,141
2016$94,122 + $1,550
$95,672
$12,334
2015$86,864 + $1,723
$88,587
$11,412
2014$80,507 + $1,546
$82,053
$10,548
2013$80,446 + $1,607
$82,053
$10,785
2012$77,853 + $1,627
$79,480
$10,676
2010$72,123 + $1,471
$73,594
$9,022
2009$66,578 + $1,566
$68,144
$8,357
2007$59,242 + $1,897
$61,139
$7,292

Price Changed 2023-10-18
$2,700,000
OneKeyMLS
Listed 2023-07-11
$2,750,000
OneKeyMLS
Sold 1988-01-27
$240,000
Public Record

Total Square Feet Living: 8000
Year Built: 1928
Common Walls: 2+ Common Walls
Construction Materials: Brick
Levels: Three Or More
Property Age: 96
Property Attached: Yes
Property Condition: Very Good
Architectural Style: Townhouse

Sewer: Public Sewer
Water Source: Public
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road_view

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.