Commercial Sale Pending near East River
Presenting a rare opportunity to own a double-lot package in the heart of Greenpoint, Brooklyn. 636 and 638 Humboldt Street are being offered together, delivering a combined 50 feet of frontage and over 8,380 SF of potential -- ideal for investors, developers, or end-users seeking long-term upside in one of Brooklyn's most desirable and rapidly evolving neighborhoods.638 Humboldt currently has 6 units which have existing rent rolls in place. Offering memo available upon request.
NOI - $63,674.08
CAP RATE: 7.11%
Both properties sit on R6B-zoned lots with a combined lot size of approximately 5000 SF, offering significant development potential or existing cash flow as income-generating assets with a very low entry point.
Whether you choose to hold and collect, renovate and reposition, or develop from the ground up, the possibilities are immense.
Nestled on a charming tree-lined block just steps from McGolrick Park and close to Nassau Avenue, this location offers the perfect blend of neighborhood charm and urban accessibility. Residents enjoy easy access to the G train, local dining institutions, cafes, and boutique retail.
Property Details
- Beds: 0
- Baths: 0.0
- Sq Feet: 4190
- Year Built: 1931
- Location: East River
- Acres: 0.056
- County: Kings County
- Heat/AC: Oil
- Siding: Brick
- Roof:
- Property Taxes: $16,050
- MLS #: 879513
Location
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Contact Information:
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Listing Agent: Barry J. Paley CBR, Keller Williams Realty of Greater Nassau, 516-865-1800, 516-865-1800 Listing Site, Listing Status: Pending
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 7171021 |
| Viewed: | 17 times |
| Added: | Oct 23, 2025 |
| Updated on: | Oct 23, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
