114-116 Greenpoint Ave - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$11,000,000 USD
646-820-4377
114-116 Greenpoint Ave, Brooklyn, NY for Sale
$11,000,000 USD
Apartments - FOR SALE
1/7
null | 4.92% Cap Rate

114-116 Greenpoint Ave
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • 24/7 Indoor & Outdoor Video Surveillance Key Pad & Key Fob Building Access Private Intercom Camera System Elevator Fitness Room Laundry Room Bicycle S
  • Wide-Plank Rosewood Oak Floors High-End Recessed Lighting Maintenance-Free Silestone Countertops Mosaic Tile Backsplash Design Stainless Steel GE Appl
  • Less than 1 Block to (G)Train, Convenient highway access to the Long Island Expressway, I-495, BQE, I- 278

OVERVIEW

An exceptional investment opportunity in the heart of Greenpoint, Brooklyn — a fully restored Landmark Elevator Building featuring 12 luxury residential apartments and 2 ground-floor retail storefronts. Originally two adjoining commercial properties, the building was completely gut-renovated in 2012–2013 into a modern, energy-efficient, mixed-use development with premium finishes and strong income potential. Residential Breakdown • (2) Duplex Penthouses – Approx. 1,200 SF each o 2 Bedrooms / 2 Bathrooms with Private Terraces & Roof Decks • (10) One-Bedroom Apartments – Approx. 750 SF each/. (3) Units include Private Terraces All apartments feature modern layouts, luxury finishes, private video intercoms, and are separately metered for electric and gas. Commercial Retail Spaces • (2) Ground-Floor Storefronts with Outdoor Patio Space and excellent visibility on Greenpoint Avenue • Independently metered for gas, electric and water Building Amenities & Systems • Elevator Building • Fitness Room • Bicycle Storage Area • Laundry Room with card system – generates approx. $6,000/year in additional income • 24/7 Indoor & Outdoor Video Surveillance with off-site monitoring • High-Efficiency LED Lighting throughout Mechanical & Energy Systems o Individual Navien Condensing Boiler (Installed 2024) and hot water storage tank o Mitsubishi Stand-Alone Air Conditioning System o Two-Zone Natural Gas Heating System with private thermostats • Constant-Pressure Variable-Speed Domestic Water System • New Building-Wide Lock System with remote lobby access and unique owner codes for mechanical rooms and on site key storage Designed for maximum energy efficiency, this property operates with modern, low-maintenance systems that enhance long-term value and reduce operating costs. Highlights • Fully restored Landmark property in Greenpoint’s prime corridor • 12 luxury residential units + 2 ground floor retail spaces • Elevator, fitness room, bike storage, laundry income • Separately metered utilities (electric & gas) • New boilers installed in 2024 • Energy-efficient mechanicals & lighting • Turnkey investment with strong income potential Original structure restored and converted in 2012–2013 Construction Type: Landmark masonry building, fully modernized Location: Greenpoint Avenue, between Manhattan Avenue & Franklin Avenue, Brooklyn, NY Transportation: Less than 1 block to the G Train; convenient highway access to Long Island Expressway (I-495) and Brooklyn-Queens Expressway (I-278) For photos, floor plans, maps, and more property details, visit www.greenpointave.com

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$1,019 USD /SF

# OF UNITS

12

PRICE/UNIT

$916,667

CAP RATE

4.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C2-4/R6

APN/PARCEL ID

02563-0019

ASK ABOUT THIS PROPERTY

Janine LoseyDiligent Searches Realty, LLCMore Info
646-820-4377

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Janine LoseyDiligent Searches Realty, LLCMore Info
646-820-4377

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.