132 Calyer StNew York, NY 11222

Property Details for 132 Calyer St

Year built

1928

Property size (Sq ft)

5,625 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

Exceptional Greenpoint investment opportunity encompassing two buildings: a three-family home and a stunning three-story single-family residence. The three-family home, meticulously maintained and updated in 2019/2020, boasts new siding, insulation, windows, and a new front door. It features one 1-bedroom/1-bathroom unit on the first floor and two 2-bedroom/1-bathroom units on the upper floors, with significant expansion potential. The clean basement offers two means of egress and a 7-foot high ceiling. The single-family home, completely renovated in 2008, showcases top-of-the-line finishes, including a chef's kitchen with granite countertops and a large island, perfect for entertaining. The second floor offers two large bedrooms with built-in closets, a laundry room, and a full bath. The finished basement includes a full bar, media/living room with a fireplace, one bedroom, and a full bath, along with access to an outdoor patio with a jacuzzi. This property presents a rare chance to acquire a high-performing multifamily investment in a prime Greenpoint location, offering both strong rental income and the potential for condo conversion. The combined square footage is 5,625, with a current NOI of $108,000 and a pro-forma NOI of $322,286. Built in 1928, with renovations completed in 2008, the property is classified as Class A and sits on a R6B zoned lot. The asking price is $3,999,999, representing a 2.70% cap rate and a pro-forma cap rate of 8.06%. This is a truly unique investment gem.

Location Insight

City

New York

County

Saratoga

State

New York

Latitude

40.7275

Longitude

-73.9553

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