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30 NEWEL Street
About This Property
Introducing an increasingly rare opportunity on one of Greenpoint's most peaceful, tree-lined residential blocks: 30 Newel Street, a 4-bedroom townhouse set on an oversized 25' 100' lot . With approx 1,286 SF of existing above-grade interior space this home presents tremendous upside for developers, investors, or end-users seeking a property with development potential in a highly coveted location.
Behind the classic facade lies a generously scaled layout with a full-floor living and dining level, a large eat-in kitchen, and a windowed bathroom. The main level enjoys excellent natural light and an open footprint that invites reimagining. Upstairs, you'll find four well-proportioned bedrooms and a half bath.
The deep rear lot is one of the property's most valuable assets. A partially finished basement level provides additional storage and flexible utility space, adding further versatility for redevelopment or renovation.
This property benefits from a R6B zoning and provides immediate usability as well as future development potential, with an FAR of 2.0 and approximately 3,225 buildable square feet for expansion.
Perfectly positioned near McGolrick Park, McCarren Park, the G train, and Greenpoint's thriving dining and retail corridors, 30 Newel delivers both neighborhood charm and long-term value. Whether you're envisioning a modern residence, exploring expansion possibilities, or planning a strategic redevelopment, this property offers a rare canvas in one of Brooklyn's most sought-after enclaves.
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyers are advised to verify all information.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | Sold | ||
| Sold | |||
| Feb 24, 2026 | In contract | - | |
| In contract | |||
| Dec 8, 2025 | Listed by Corcoran Group | $2,500,000 | |
| Listed by Corcoran Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017