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A rare opportunity to acquire an exceptional, well-maintained 6-Family Building in one of the most sought after neighborhoods. Located in tree-lined block in the heart of Greenpoint, Brooklyn, this income-producing asset offers investors immediate and stable cash flow, long-term appreciation potential, and future upside in a strong rental market. Featuring 10 Bedrooms and 7 Full Bathrooms with Full Finished Basement, private huge backyard with mature trees for a nice view from the kitchens. Current Gross annual rental income of approximately $13,722 per month, $164,665 annually. The building is comprised of 3 free-market units currently month to month and 3 rent-stabilized units, with one rent-stabilized apartment currently vacant, previously owner occupied. Numerous capital improvements have been completed, including four recently renovated apartments, 3 newly updated kitchens, a new boiler (approximately one year old), roof (approximately three years old), and siding (approximately two years old). A professionally installed 24-hour security camera system is also in place. Finished lower level with full bathroom and access to yard offers potential for additional storage, office, recreational, media room, hobby, fitness gym, etc. Ideally situated near McGolrick Park, McCarren Park, minutes from the G train, NYC Ferry, and Greenpoint's renowned restaurants, cafes, Farmer markets, boutiques, and waterfront destinations. The neighborhood continues to experience strong tenant demand and investor interest. Strong rental income with below-market rents "” built-in value-add opportunity, Ideal for 1031 exchange buyers seeking a stabilized Brooklyn asset, Favorable cap rate in a high-demand rental corridor, Close proximity to Manhattan via the BQE and multiple transit options. Whether you're a seasoned investor looking to expand your Brooklyn portfolio or a 1031 exchange buyer seeking a quality replacement property, 34 Sutton Street delivers the fundamentals: location, income, and long-term appreciation in one of NYC's most desirable neighborhoods. The property has been professionally managed for the past five years, with organized financial records, leases, operating statements, and maintenance documentation available for review.
Property Type(s):
Commercial
| Last Updated | 6/6/2026 | Year Built | 1940 |
|---|---|---|---|
| County | Kings (Brooklyn) |
Additional Details
| AIR | Electric, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Finished, Full |
| CONSTRUCTION | Aluminum Siding, Brick |
| HEAT | Hot Water |
| LOT | 2500 sq ft |
| PARKING | No Garage, None |
| SEWER | Public Sewer |
| TAXES | 12354 |
| UTILITIES | Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Public |
Location
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Listed with Red Jasmine Real Estate
Copyright 2026 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Suburban Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 6/7/26 4:47 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
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