638 Humboldt Street, Brooklyn, NY, 11222
1931
Presenting a rare opportunity to own a double-lot package in the heart of Greenpoint, Brooklyn. 636 and 638 Humboldt Street are being offered together, delivering a combined 50 feet of frontage and over 8,380 SF of potential — ideal for investors, developers, or end-users seeking long-term upside in one of Brooklyn’s most desirable and rapidly evolving neighborhoods. 638 Humboldt currently has 6 units which have existing rent rolls in place. Offering memo available upon request. NOI - $63,674.08 CAP RATE: 7.11% Both properties sit on R6B-zoned lots with a combined lot size of approximately 5000 SF, offering significant development potential or existing cash flow as income-generating assets with a very low entry point. Whether you choose to hold and collect, renovate and reposition, or develop from the ground up, the possibilities are immense. Nestled on a charming tree-lined block just steps from McGolrick Park and close to Nassau Avenue, this location offers the perfect blend of neighborhood charm and urban accessibility. Residents enjoy easy access to the G train, local dining institutions, cafes, and boutique retail.
Status:
Pending
Type:
Commercial
Units:
6
Heating:
Oil
Cooling:
None
Basement:
Storage Space, Unfinished, Walk-Out Access
Acreage:
0.06
Est. Taxes:
$16,050
Assessment
$638,100
Construction
Brick
Utilities
Trash Collection Public
Elementary School:
Ps 110 Monitor
Middle School:
John Ericsson Middle School 126
High School:
Williamsburg Hs-Art-Tech
School District:
Community District 14
Days on Market:
72
MLS #:
879513
Community Info
School Info
Walk Score
Mass Transit
Yelp
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New or Coming Soon Properties
Listing courtesy of Keller Williams Points North 516-865-1800