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66 Sullivan Street Brooklyn, NY Brooklyn, NY
  • Square Feet 4,860
  • Price/SF 226.34
  • Annual Tax Bill 10,455
$1,100,000
  • Status Under Contract
  • Year Built 1931

About This Property

Marcus and Millichap is proud to present 66 Sullivan Street, a three story six-family building in Red Hook. The subject property is comprised of 6 two-bedroom railroad style apartments and is located on Sullivan Street between Richards and Van Brunt Street.

66 Sullivan Street was built in 1931 and measures approximately 27 feet wide by 60 feet deep on a lot that extends 100 feet deep, totaling a current building size of approximately 4,860 square feet. The property is zoned R5. This property has been well-managed
for decades by the same owners, and presents a tremendous opportunity for a patient buyer to possibly capture future rental upside.
Property Highlights

• Red Hook 6 family available at a basis of $226/SF and approximate cap rate of 6.4%
• Around the corner from Van Brunt Street retail corridor and the famed “Red Hook Tavern”
• Well maintained apartments with tremendous natural sunlight
• 27 feet wide by 60 feet deep with a large backyard available to all tenants
• Planned $200 million redevelopment of Red Hook’s waterfront

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