Douglas Elliman are delighted to bring to the market this perfectly located 6 Family building off the water front yet still in the heart of Green Point. 160 eagle st is the perfect opportunity for all investors/developers to take advantage of this opportunity.
DHCRs & current rents on 160 Eagle St.
1R Not registered & vacant (new duplex)
2R $788.58 Vacant (new Duplex & studio)
Current Monthly rent $2904.00
Total annual $34,847 of current income
1R & 2R are vacant ready for Reno.
Combining both units into a 2 bed 2 bath duplex with private garden & a separate studio to the rear or front of 2R would be 1 legal way to remove from rent stabilization & charge free market rent. Also to underpin entire basement and do 2 duplexes either side is another option
Rental Proforma for 2 bed 2 bath with garden with reserved pricing would be $3500Rental Proforma Half floor self-contained studio would be $1800
Monthly Rent,$4480 annual Rent, $53,760
Annual Taxes $8K
Water & Sewer $3000
NOI = $84,448 (after expenses) take home
Building Size 25 x 55
Lot Size 25 X 100
Additional 875 square feet remaining can be developed
Please contact for rent roll & expenses setup
The building is located in a picturesque Greenpoint street in the heart of the neighborhood's food scene. Noted restaurants like Glasserie, Bakeri, Anella, the Water Table, Cassette, and world famous Paulie Gee's Pizzeria are within a few blocks. There is easy transportation via the G Train and the East River Ferry.
Courtesy of: Douglas Elliman 111 Fifth
Office Phone: 212.645.4040
Listing Agent: Gerard Smith
Updated: 19th February, 2020 1:00 AM.
160 Eagle St Brooklyn, NY