132 Calyer St Brooklyn, NY 11222

This exceptional Greenpoint, Brooklyn investment opportunity presents two meticulously maintained homes on a single 2,500 sq ft lot. The front building, a three-family home (5,625 total sq ft), underwent extensive renovations in 2019 and 2020, boasting new siding, insulation with a 50-year warranty, double-pane windows, and a new front door. The updated systems include a 4-year-old boiler and on-demand hot water. Each floor offers significant potential for expansion. The clean basement features two means of egress and a 7-foot high ceiling. The rear building, a stunning three-story single-family home constructed in 2008, offers top-of-the-line finishes. This sun-drenched oasis features an open floor plan, walnut hardwood floors, a chef's kitchen with granite countertops and a large island, a separate dining area, and a spacious living room opening to a Trex patio. Upstairs, two large bedrooms each include built-in closets, and the full bath is finished with marble tile and a Kohler tub. The basement includes a full bar, media/living room with a fireplace, a bedroom, and a full bath, plus access to an outdoor patio with a jacuzzi. The property benefits from a Firestone vinyl roof with a remaining warranty. Both properties are zoned R6B and offer unparalleled rental income potential, or the possibility of condo conversion. The location is ideal, just blocks from the ferry, G train, and McCarren Park, surrounded by vibrant culinary and artistic attractions. This is a truly unique investment opportunity in a highly desirable neighborhood. The property boasts a 5.67% current cap rate and a pro-forma cap rate of 8.06%, with a current NOI of $226,800 and a pro-forma NOI of $322,286. The asking price is $3,999,999.