34 Sutton ST Brooklyn, NY 11222
2,500 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1010064
Rental Info No
Year Built 1940
Annual Tax Amount $12,354
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Multi Family
Source onekey2
Property Description
The building consists of 3 free-market apartments and 3 rent-stabilized apartments, including one currently vacant rent-stabilized unit previously occupied by the owner. Current gross rental income is approximately $164,665 annually. Numerous capital improvements have been completed, including four renovated apartments, three updated kitchens, a new boiler (approx. 1 year old), roof (approx. 3 years old), siding (approx. 2 years old), and a professionally installed 24-hour security camera system.
The finished lower level offers flexible space for storage, recreation, office, fitness, or other permitted uses, with direct access to the backyard.
Ideally located near McGolrick Park, McCarren Park, the G train, NYC Ferry, and Greenpoint's vibrant dining, shopping, and waterfront amenities. This income-producing asset presents an excellent opportunity for investors or 1031 exchange buyers seeking stable cash flow, long-term appreciation, and value-add potential in one of Brooklyn's most sought-after neighborhoods. Financials, leases, operating statements, and maintenance records available upon request.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished, Full
Interior
Heating Hot Water
Cooling Electric, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features None
Fence Back Yard, Fenced, Front Yard
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
View Trees/Woods
Building
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Brick
Schools
High Schools Brooklyn 14
School District Brooklyn 14
Others
Special Listing Condition None
