136 Franklin St - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$6,250,000 USD
718-475-4382
136 Franklin St, Brooklyn, NY for Sale
$6,250,000 USD
Apartments - FOR SALE
1/13
null | 5.1% Cap Rate

136 Franklin St
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • Fully Gut Renovated, 100% Leased Mixed Use Building
  • Located on the Best Retail Block in Greenpoint (Franklin btwn Greenpoint Avenue & Milton Street) and one of the best retail blocks in all of Brooklyn
  • Comparable location profile to Berry Street and N 6th in Williamsburg or Bleecker Street in the West Village
  • Building occupied by Van Leeuwen Ice Cream with lease expiring in 2034 providing long term stability in the retail
  • Apartments on 2nd through 4th Floor are three bedrooms units | Significant upside in rents upon lease expiration
  • Brand New Certificate of Occupancy in August 2025 | Property is Exempt from Good Cause Eviction Law

OVERVIEW

• There are over 5,000 luxury units that are under construction or will be completed over the next 5 years in a 5-block radius from the property, which will further entrench this block as the premier retail destination in Greenpoint with a path to achieve N 6th and Berry Street-esque retail leasing price PSF over the next 5 to 7 years (i.e., $250+ PSF). • One Block to the G Train at Greenpoint Avenue | 5 Minute walk to Ferry at India Street

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$1,865 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,562,500

CAP RATE

5.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,779 SF

ZONING

R6

APN/PARCEL ID

02563-0005

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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