340 Mcguinness BlvdBrooklyn, NY 11222

Property Details for 340 Mcguinness Blvd

Year built

1930

Lot size

0.04 AC

Property size (Sq ft)

5,200 SF

Zone code

M1-1

Property type

Apartment buildings

APN

02514-0002

APU

25140002

Description

This prime Greenpoint, Brooklyn mixed-use building at 340 McGuinness Blvd. presents a compelling investment opportunity. The 1,875 square foot property sits on a 0.04-acre lot and features six 2-bedroom, 1-bathroom units, each with an eat-in kitchen. All units are currently rent-stabilized, generating a substantial annual income of $134,617.72, with the potential for increased revenue. Recent upgrades include a new roof (2022), water heater (2024), and gas heater (2024). The building also boasts a full basement with six additional rooms, a utility room, and a half-bath, enhancing its potential for further development or expansion. Exterior features include a backyard with steps and a patio, all finished with granite tiles. Security is ensured with eight surveillance cameras strategically placed inside and outside the building. The property's excellent location provides easy access to public transportation, shops, restaurants, and cafes. While all units are currently tenant-occupied, two units may become vacant soon. This property is offered at $2,350,000. Serious inquiries only. All information is deemed reliable but should be independently verified.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7342

Longitude

-73.952

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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