59 Newel St #8, Brooklyn, NY, 11222
About This Home
8-FAMILY 59 NEWEL STREET, BROOKLYN , NEW YORK 11222! Great investment opportunity in the heart of Greenpoint NY! 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 R 6B 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, cafés, 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!
Getting Around
Walker's Paradise
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1928
Type & Style
- Home type: SingleFamily
- Property subType: Rental Unit
Interior
Appliances
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 8,000
- Total interior livable area: 8,000 sqft
Property
Details
- Special condition: Resale
Features
- Patio & porch: Other
- Exterior features: Garden
- Has view: Yes
- View description: City,Garden,Skyline
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $15,108 | $181,296 |
| Home Insurance * | $1,144 | $13,728 |
| Property Taxes | $1,394 | $16,728 |
| Electricity | $1,322 | $15,864 |
| Total | $18,968 | $227,616 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-18 | Listed for sale | $2,988,000 |
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