68 Hausman St

Marcus and Millichap is pleased to present 68 Hausman Street to the market. 68 Hausman Street is a 4,300 SF fully free-market 3-family in the Greenpoint neighborhood. The 1st floor is a 3 bedroom, 2 bath duplexed unit with a large backyard. The upper 2 floors are currently true 2 bedrooms/2 bath apts. with the ability to easily make a third BR. The property is tax class protected, and has unique upside at a price range rarely available in this area of North Brooklyn. This is a great value-add opportunity, not just for investors but end-users as well, as the property could be vacated and converted to a townhouse on an excellent residential block. Moreover, the ground floor duplexed apartment with backyard is perfect to live in plus have the additional income upstairs cover mortgage costs as the units on the 2nd and 3rd floor alone are achieving north of $9,000 per month. This allows for an incredibly rare opportunity to live in an A+ neighborhood in NYC in a duplex apartment with massive backyard on a quiet, tree-lined street while having zero expenses. All of this while building a tremendous amount of equity in an area which has grown to be one of the most sought after neighborhoods in the world. At the asking price, 68 Hausman is asking $561 PSF which is well below replacement cost as condos in the immediate area consistently sell for north $1,250 PSF. 68 Hausman will also provide an investor the opportunity to purchase an IN-PLACE 6% cap rate after actual expenses. Please reach out to exclusive agents to receive income information. Please feel free to reach out to us if you, a client, or someone you know has interest. METRICS: - 3 Total Units - 4,364 Total Square Feet | $561/SF - 6.6% Pro Forma Cap Rate - Projected Taxes: $7,005 - Nearby Trains: G