Brooklyn - Beach Property For Sale #7171021

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.