123 Guernsey Street
123 Guernsey Street
Temporarily Off Market
Temporarily Off Market
Description
Configured as 13 FREE MARKET rental units (currently being used as 12 units), 123 Guernsey is situated on an idyllic tree-lined street, steps away from McCarren Park, iconic Williamsburg, and trendy Greenpoint.
Current Setup:
9 FM Studios
2 FM 1BRs
1 FM 2BRs
4% projected cap rate in AS IS condition (2 units have recently been renovated). It is about 50% occupied and CAN BE DELIVERED...RARE 25’ x 78’ 4-story building (7,800SF + approx 1,900SF cellar) in a picturesque Brooklyn street with endless possibilities.
Configured as 13 FREE MARKET rental units (currently being used as 12 units), 123 Guernsey is situated on an idyllic tree-lined street, steps away from McCarren Park, iconic Williamsburg, and trendy Greenpoint.
Current Setup:
9 FM Studios
2 FM 1BRs
1 FM 2BRs
4% projected cap rate in AS IS condition (2 units have recently been renovated). It is about 50% occupied and CAN BE DELIVERED VACANT! It’s an easy value-add play to create luxury rentals in a high appreciation neighborhood.
For the discerning investor, CONVERT EACH FLOOR INTO CONDO to maximize return with new development condo comps in the $1400/SF range in the area. Side windows give flexibility in terms of bedroom layout and the backyard and roof can provide ample amounts of outdoor space for each unit once converted. INQUIRE ABOUT POTENTIAL DEVELOPMENT OPTIONS
Setup available upon request. Showings by appointment.
Details:
- Lot: 25’ x 100’
- Building Dimensions: 25’ x 78’
- Square footage: 7,800SF + approx 1,900SF cellar (4-stories + cellar)
Listing Agents
![Daniel Chun]()
daniel.chun@compass.comP: 908.227.6877
![Brett Michaels]()
brett.michaels@compass.comP: 917.841.9298
![Christina Morgan]()
christina.morgan@compass.comP: 703.785.1301
Amenities
- Walk Up
- Laundry in Building
- Voice Intercom
- Basement
- Back Yard
- Lowrise
Location
Property Details for 123 Guernsey Street
| Status | Temporarily Off Market |
|---|---|
| Days on Market | 191 |
| Taxes | $2,699 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 26.0 |
| Compass Type | Townhouse |
| MLS Type | Single Family |
| Year Built | 1928 |
| Lot Size | 2,500 SF / 25' x 100' |
| County | Kings County |
Building
123 Guernsey St
Location
Building Information for 123 Guernsey Street
Payment Calculator
$42,265 per month
30 year fixed, 7.25% Interest
$39,566
$2,699
$0
Property History for 123 Guernsey Street
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 123 Guernsey Street
Schools near 123 Guernsey Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 2 |
Rating | School | Distance |
|---|---|---|
P.S. 34 Oliver H Perry PublicPK to 5 | ||
John Ericsson Middle School 126 Public6 to 8 | ||
A-Tech High School Public9 to 12 | ||
Citizens of the World Charter School 1 CharterK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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