168 Russell Street, Brooklyn, NY 11222
Local realty services provided by:ERA Caputo Realty
168 Russell Street,Brooklyn, NY 11222
$3,500,000
- 12 Beds
- 7 Baths
- 4,500 sq. ft.
- Multi-family
- Active
Listed by: amberly sclar
Office: blt minimax realty inc
MLS#:1046760
Source:OneKey MLS
Price summary
- Price:$3,500,000
- Price per sq. ft.:$777.78
About this home
**Prime Greenpoint 6-Family Investment Opportunity**
An OPPORTUNITY to acquire a Mostly Renovated Six-Family Frame building in the HEART of Greenpoint, Brooklyn, one of New York City's most desirable and consistently appreciating neighborhoods.
Lovingly owned and cared for by the SAME FAMILY for over 40 years, this is the FIRST time in decades that this exceptional asset has been offered for sale. The pride of ownership is evident throughout, making it a rare opportunity to acquire a building that has been meticulously maintained over generations.
Built in 1931, this 3-story multifamily building sits on a 25' x 100' lot with a 25' x 60' building footprint, offering a solid investment with strong in-place income and future upside. Zoned R6B, the property is ideally positioned in one of Brooklyn's most sought-after residential neighborhoods.
Currently generating $183,600 in annual gross rental income, the building has been extensively improved, with 5 of the 6 apartments Renovated, reducing immediate capital expenditures while enhancing tenant appeal. Even more attractive for investors, 3 of the 6 apartments are DEREGULATED *(becomes deregulated upon vacancy), providing immediate and long-term rental growth potential.
The property also features a Full Basement with Tall Ceilings, offering Excellent Storage future possibilities (subject to applicable approvals).
Annual real estate taxes are an attractive $13,608.16, contributing to a favorable operating profile.
Perfectly situated on a quiet, tree-lined street just moments from Manhattan Avenue, McGolrick Park, McCarren Park, renowned restaurants, cafes, boutique shopping, and convenient G Train access, the property continues to benefit from Greenpoint's exceptional rental demand and enduring appreciation.
Investment Highlights:
**First time offered in over 40 years**
Same family ownership for over four decades!
-6-Family Frame Building
-Built: 1931
-3 Stories
-Building Size: 25' x 60'
-Lot Size: 25' x 100'
-Zoning: R6B
-Annual Gross Income: $183,600
-Annual Property Taxes: $13,608.16
-5 of 6 Apartments Renovated
-3 Deregulated Units
-Full Basement with Tall Ceilings
-Excellent current cash flow with significant long-term upside
-Located in one of Brooklyn's most desirable and resilient rental markets
Opportunities like this are increasingly rare. Combining decades of attentive ownership, strong existing income, renovated apartments, deregulated units, and a premier Greenpoint location, 168 Russell Street represents a true legacy investment for the next generation of ownership....
Contact an agent
Home facts
- Year built:1931
- Listing ID #:1046760
- Added:32 day(s) ago
- Updated:October 06, 2026 at 11:19 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:7
- Full bathrooms:7
- Dining Description:Eat-In Kitchen
- Kitchen Description:Eat-in Kitchen
- Basement:Yes
- Basement Description:Finished, Partially Finished
- Living area:4,500 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1931
- Building area:4,500 sq. ft.
- Lot area:0.06 Acres
- Construction Materials:Aluminum Siding
Schools
- High school:A-TECH HIGH SCHOOL
- Middle school:John Ericsson Middle School 126
- Elementary school:Ps 110 Monitor
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$777.78
- Tax amount:$13,608 (2025)
New listings near 168 Russell Street
- Coming Soon
$625,000Coming Soon2 beds 1 baths1,000 sq. ft.7423 Ridge Boulevard #4E, Brooklyn, NY 11209
MLS# 1057354Listed by: DANIEL GALE SOTHEBYS INTL RLTY - Coming Soon
$3,288,800Coming Soon-- beds -- baths3,151 sq. ft.426 Atlantic Avenue, Brooklyn, NY 11217
MLS# 1058060Listed by: LANDMARK INTERNATIONAL R E LLC - Coming Soon
$3,788,800Coming Soon-- beds -- baths4,225 sq. ft.428 Atlantic Avenue, Brooklyn, NY 11217
MLS# 1058482Listed by: LANDMARK INTERNATIONAL R E LLC - Coming SoonOpen Sun, 10:30am to 12pm
$1,100,000Coming Soon5 beds 3 baths2,400 sq. ft.345 57th Street, Brooklyn, NY 11220
MLS# 1057662Listed by: CENTURY 21 REALTY SPECIALISTS - Coming Soon
$750,000Coming Soon4 beds 1 baths1,200 sq. ft.4032 Hubbard Place, Brooklyn, NY 11210
MLS# 1055140Listed by: BILL JONES REAL ESTATE - New
$489,000Active2 beds 2 baths1,029 sq. ft.570 Louisiana Avenue #2, Brooklyn, NY 11239
MLS# 505040Listed by: BROOKLYN REAL PROPERTY, INC - New
$999,999Active-- beds 3 baths2296 Atlantic Avenue, Brooklyn, NY 11233
MLS# 505097Listed by: EXP REALTY BKNY - New
$1,100,000Active-- beds 3 baths2294 Atlantic Avenue, Brooklyn, NY 11233
MLS# 505098Listed by: EXP REALTY BKNY - New
$649,000Active2 beds 2 baths601 sq. ft.4804 Bedford Avenue #3B, Brooklyn, NY 11235
MLS# 1058990Listed by: RE/MAX EDGE - New
$329,000Active-- beds -- baths964 sq. ft.827 Pine Street, Brooklyn, NY 11208
MLS# 1058996Listed by: V SELL REALTY INC