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.
636 Humboldt currently has 6 units which have existing rent rolls in place. Offering memo available upon request.
NOI - $74,908.42
CAP RATE: 7.53%
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 Features
Basement
Storage Space
Unfinished
Walk-Out Access
Cooling Information
None
Heating Information
Oil
Water Features
Public
School Information
School Information for 636 Humboldt Street, Brooklyn, NY 11222
Elementary School
Ps 110 Monitor
Middle School
John Ericsson Middle School 126
High School
Williamsburg Hs-Art-Tech
Listing Courtesy: Keller Williams Points North - 516-865-1800