92 Newel St, Brooklyn, NY 11222

MCCARREN PARK GEM - JUST REDUCED!This beautiful brick Legal 4 family with 3 Garages is located in prime Greenpoint steps from McGolrick Park and near North side Williamsburg, great restaurants, bars, shops and transportation!Currently built 34 X 57 with a gorgeous backyard, the property sits on a 50 x 100 lot. The 4 units are rented at below market rents with all free Market leases, providing good upside in income or potential to vacate in the next 12 months. This is an outstanding development opportunity to enlarge this building, develop a boutique condominium / rental property or for someone looking to convert to a single family home with garage or live in a beautiful garden apartment with income from upstairs! The existing property is 3,876 Sqft with an additional 6,124 sqft of air rights that total 10,000 buildable sqft! This is an absolute great location in one of NYC's most sought after up-and-coming neighborhoods and a chance to buy at under $400 a build able foot in an area where sales prices can exceed $1,000 Psqft!$13,634.00 Yearly Taxes. Contact Exclusive Agent John Clemente - Jclemente@livingny.com for full setup and rent roll.