162 Dupont St Brooklyn, NY 11222

This exceptional investment opportunity presents two stabilized Class B apartment buildings located in the vibrant Greenpoint neighborhood of Brooklyn, New York. The properties, situated at 162 Dupont Street and 188 Eagle Street, comprise a total of 32 units across two five-story buildings, totaling 19,525 square feet. Built in 1931 and 1908 respectively, these buildings offer a blend of classic charm and modern potential. Currently boasting an 80% occupancy rate, the portfolio presents immediate cash flow with significant upside potential. Each building features basement-level retail spaces and a mix of studio, two-room, and three-room apartments. The portfolio is offered at an asking price of $4,395,000. Greenpoint's dynamic atmosphere, characterized by a mix of traditional Polish businesses and trendy new establishments, provides a strong rental market. Seven vacant units allow for immediate rent increases, further enhancing the investment's return. This is a rare chance to acquire a well-positioned multifamily portfolio in a rapidly appreciating Brooklyn neighborhood. The properties are ideally suited for long-term ownership and offer substantial potential for future appreciation.