125 Freeman Street

Description

Welcome to 125 Freeman Street a well-maintained, semi-attached six-family property located in the highly desirable Greenpoint neighborhood of Brooklyn. This classic three-story brick building features six spacious railroad-style 2-bedroom apartments, two per floor, offering a total of six units four of which are currently vacant, presenting a unique opportunity for both end-users and investors to add value or increase rental income. The building includes a brand new roof and a brand new boiler, ensuring long-term durability and minimal immediate maintenance costs. While the property is in overall okay condition, it offers great potential for cosmetic upgrades. The apartments feature a mix of hardwood and vinyl flooring and are equipped with modern kitchens that include gas ovens, refrigerators, freezers, and stainless steel appliances all attractive to today's renters. The building is rent stabilized, with separate gas and electric meters for each unit, making utility management straightforward. The walk-out basement isn't finished but has room for added value down the line. Located in the heart of Greenpoint, 125 Freeman Street is steps from parks, the waterfront, and local hotspots, with easy access to the G train and East River Ferry. Whether you're after rental income or long-term upside, this is a solid investment in one of Brooklyn's most sought-after neighborhoods.