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FOR SALE : VACANT, TURNKEY 3-FAMILY TOWNHOUSE IN PRIME GREENPOINT Welcome to 37 Jewel Street, a classic pre-war Brooklyn townhouse offering the perfect blend of historic charm, modern condition, and future potential. Built in 1901, this vacant, move-in-ready three-family home sits on a 16. 75’ x 100’ lot in one of Greenpoint’s most desirable residential blocks. With approximately 2, 600 sq. ft. of interior living space, this well-maintained property presents a rare opportunity for investors, end users, or buyers looking to create a custom single-family residence. Delivered completely vacant, the home is ideal for immediate occupancy, rental income, or thoughtful expansion. Property Highlights • Approx. 2, 600 sq. ft. of interior space • Lot: 16. 75’ x 100’ | Building: 16. 7’ x 50’ • Zoning: R6B | FAR 2. 0 • VACANT — no tenants in place • Turnkey condition throughout • Three free-market apartments Layout • First Floor: Open, flexible layout with multiple bedroom possibilities perfect for owner occupancy or strong rental performance. • Second Floor: Bright apartment featuring an eat-in kitchen, one full bath, and adaptable room configurations for additional bedrooms or a home office. • Third Floor: Similar layout with an eat-in kitchen and one bath; easily configured as a 1- or 2-bedroom unit. Major Bonus : Full Grade Basement with Duplex Potential A full ground-level basement with front street access and rear exit to the backyard makes this space ideal for a duplex conversion with the first floor. With excellent ceiling height, the basement offers tremendous potential as additional living space, recreation area, or rental upgrade. Outdoor Space Enjoy an expansive 834 sq. ft. private backyard, perfect for entertaining, gardening, or future landscaping and design projects. Investment & Location Situated in one of Brooklyn’s strongest rental markets, 37 Jewel Street offers excellent income potential and long-term appreciation. Transportation is convenient with the G train at Nassau Avenue just three blocks away, plus easy access to the L train, B24 bus, and the BQE. Greenpoint’s best parks — McGolrick and McCarren —are minutes away, along with beloved neighborhood favorites including Oxomoco, Five Leaves, Le Fanfare, and Variety Coffee. 37 Jewel Street is a rare opportunity to own a vacant, turnkey multi-family townhouse with both immediate value and significant upside. Whether you’re seeking an income property or envisioning a custom single-family home, this classic Greenpoint residence delivers on every level.
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Our Executive Mortgage Banker:
$2,749,888
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,199,910 | $2,199,910 | $2,199,910 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $593 | $593 | $593 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,319 | $13,367 | $18,416 |
| Total Monthly Payment | $13,037 | $14,085 | $19,134 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.