About 638 Humboldt Street
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.
Features of 638 Humboldt Street
| MLS® # | 879513 |
|---|---|
| Price | $895,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,190 |
| Acres | 0.06 |
| Year Built | 1931 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Pending |
Community Information
| Address | 638 Humboldt Street |
|---|---|
| City | Brooklyn |
| County | Kings (Brooklyn) |
| State | NY |
| Zip Code | 11222 |
Additional Information
Listing Details
| Office | Keller Williams Points North |
|---|---|
| Office Contact | 516-865-1800 |