59 Newel Street Brooklyn, NY $ 2,988,000
59 Newel Street
$ 2,988,000
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59 Newel Street

Brooklyn, NY, 11222
$ 2,988,000
Bedrooms-- Baths-- Sq 8,000

Monthly Estimate*

$ 18,398

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Commercial Property for sale in Brooklyn, NY

for $2,988,000. This 8,000 square foot building was built in 1928 on a lot size of 0.0574.

GREAT INVESTMENT OPPORTUNITY IN THE HEART OF GREENPOINT! THIS WELL-MAINTAINED FOUR-STORY WALK-UP BUILDING FEATURES 8 RENT-STABILIZED RESIDENTIAL UNITS AND APPROXIMATELY 8,000 SQUARE FEET OF INTERIOR SPACE ON A 25' X 80' BUILDING FOOTPRINT WITH R6B ZONING. EACH SPACIOUS UNIT OFFERS 2 BEDROOMS, A BRIGHT LIVING ROOM, FULL BATHROOM, AND A SEPARATE KITCHEN, PROVIDING STRONG AND CONSISTENT RENTAL APPEAL. THE PROPERTY ALSO INCLUDES A FULL BASEMENT, OFFERING ADDITIONAL STORAGE AND OPERATIONAL FLEXIBILITY. METICULOUSLY MAINTAINED AND IN EXCELLENT CONDITION, THIS BUILDING IS BEING SOLD AS IS AND PRESENTS A RARE OPPORTUNITY TO ACQUIRE A STABILIZED MULTIFAMILY ASSET IN ONE OF BROOKLYN'S MOST SOUGHT-AFTER NEIGHBORHOODS. IDEALLY LOCATED JUST ONE BLOCK FROM THE G TRAIN CLOSE TO NYC FERRY, NEAR MCGOLRICK PARK, AND A SHORT DISTANCE TO MCCARREN PARK. SURROUNDED BY POPULAR RESTAURANTS, SHOPS, FITNESS CENTERS, SCHOOLS, AND EVERYDAY CONVENIENCES. ENJOY EASY ACCESS TO PUBLIC TRANSPORTATION AND ALL THAT VIBRANT GREENPOINT HAS TO OFFER. DON'T MISS THIS EXCEPTIONAL INVESTMENT PROPERTY WITH STRONG LONG-TERM POTENTIAL IN A PRIME LOCATION. MUCH MORE TO DISCOVER—SCHEDULE YOUR PRIVATE VIEWING TODAY!

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Commercial Active

Price

$ 2,988,000

Property Type

Commercial

Taxes

$ 18,531

Style

Multi Family

Lot Size

0.0574

Year Built

1928

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

1014129

Features
General
Sewer Public Sewer
Heating Natural Gas Other
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Available Natural Gas Connected Phone Available See Remarks Sewer Connected Trash Collection Public Water Connected
Appliances Gas Cooktop Gas Oven Refrigerator Gas Water Heater
Zoning R6B
Security Features Other Smoke Detector(s)
Construction Materials Brick
Year Built 1928
Tenant Pays Electricity Gas
View Neighborhood
Property Subtype Multi Family
Tax Year 2025
Parcel Number 02683-0007
Community Features Fitness Center Park Playground Pool
County Kings (Brooklyn)
Property Type Commercial Sale
Building Features Laundry
Directions Map Quest.59 Newel St. Greenpoint NY /Nassau Ave.G Train To Manhattan.Easy access to the NYC Ferry.Close to Bus Close to Park Close to Railroad Close to School Close to Shops Near Public Transportati
High School Williamsburg Prep School
City New York
Disclosures Lead Paint Other Disclosures Seller Property Disclosure
High School District Brooklyn 14
Number Of Units Total 8
Elementary School Ps 110 Monitor
Property Attached Y/N Y
Tax Annual Amount 18531.36
Middle/Junior High School John Ericsson Middle School 126
Property Condition Updated/Remodeled
Virtual Tour https://sites.listingphotoshoot.com/59-Newel-St/idx https://sites.listingphotoshoot.com/59-Newel-St
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Brooklyn 14
Elementary School District Brooklyn 14
Tax Assessed Value 1239300
Tax Lot 7
Cap Rate 5
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Interior
Basement Full Storage Space
Flooring Ceramic Tile Hardwood
Total Stories 4
Basement Features Full Storage Space
Basement (Y/N) Y
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Exterior
Fencing Back Yard Other
Parking Features Off Street Off Street
Water Source Public
Building Area Total 8000
Waterfront Y/N N
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Internal Only
Street Number 1 59
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* Excluded Features
List By
Malgorzata A. Pieniadz CBR

Listing Agent

Trademarko Realty Inc

Broker

718-502-5141

Contact

Affordability Calculator

$19,942
Per Month
92%
8%
0%
Monthly Principal & Interest
$18,398
Monthly Property Taxes
$1,544
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5196047 Elementary School
4100065 Middle School
Williamsburg Prep School High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2026$2,988,000 Listed Price

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59 Newel Street, Brooklyn, NY, 11222 is a Commercial Property for sale at $2,988,000 with 8,000 sqft and a lot size of 0.0574. 59 Newel Street was built in 1928. The property's zip code is 11222 which is in Brooklyn, NY