An exceptional investment opportunity in one of Brooklyn's most sought after and rapidly appreciating neighborhoods.


Property

Website: https://www.nestseekers.com/5495064
Address:
New York, NY 11222
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$1,150,000
Annual Taxes:$12,770

Description

An exceptional investment opportunity in one of Brooklyn's most sought-after and rapidly appreciating neighborhoods. This solid 3-story, 6-unit walk-up at 695 Meeker Avenue offers immediate cash flow with significant upside. The building spans approximately 4,536 sq/ft (54x22) across six well-proportioned units, each featuring 2 bedrooms, a living room, dining room, and full bath. The dining room in each unit can be easily converted to a third bedroom, offering a clear value-add path for the next owner. With $107,000 in annual gross income, real estate taxes of only $12,776 , and a 12-bed/6-bath configuration, the numbers speak for themselves. Located steps from McGolrick Park and within easy walking distance of both the L and G subway lines, 695 Meeker Ave sits at the center of Greenpoint's ongoing transformation — surrounded by new restaurants, boutiques, and a growing influx of young professionals. Whether you're a seasoned investor or looking to plant your flag in one of Brooklyn's hottest corridors, this is a rare chance to acquire a cash-flowing asset with real room to grow. Opportunities like this don't wait. Call and schedule a private tour! *The information provided is deemed reliable but not guaranteed, including square footage, dimensions, zoning, income figures etc. All data should be independently verified. Keller Williams NYC assumes no liability for errors or omissions. Prospective buyers and investors are encouraged to consult their own legal, financial, and zoning professionals prior to making any decisions.

Amenities

  • Cable Connected
  • Electricity Connected
  • Phone Connected
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Keller Williams NYC