161 Newell St, Brooklyn, NY 11222

Rare 6-Unit townhouse, centrally located in Greenpoint, Brooklyn. A pre-war masterpiece featuring original details such as banisters, railings, moldings, and archways. A well maintained property currently comprised of Six 1-bedroom units with the option to create secondary bedrooms/home office space. First floor units enjoy their own private gardens, while second and third floor units benefit from constant sunlight with oversized windows and high ceilings. Several units to be delivered vacant. An amazing opportunity for upside to the investor and rare opportunity for the homeowner looking to occupy a full floor with cellar as a true duplex while generating very valuable rental income, in the highly coveted area of Greenpoint. Greenpoint experienced one of the highest rental increases year over year with a 32% climb from 2021. The average rent for August 2022 is $4,667 / month. Enjoy all that is special about the vibrant area with close proximity to McCarren and McGolrick Park, the ever-growing art/music scene, farmers market, restaurants, cafes, retail and transportation. A chance to own a piece of Greenpoint history awaits. Full setup sheet available upon request, showings by appointment only.