177 Java St - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$3,350,000 USD
917-207-4070
177 Java St, Brooklyn, NY for Sale
$3,350,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

177 Java St
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • Located in Greenpoint, one block from the G train and two blocks from the waterfront.
  • Three-unit configuration with a mix of two- and three-bedroom layouts, that renovated and fully leased with leases ending on 6/30/2026.
  • Fully finished basement providing additional storage and functional space.
  • Approximately 2,000 square feet of unused buildable FAR for future expansion.
  • Positioned on a 25-foot-wide lot in a high-demand rental market
  • Strong potential for rental income growth, condo conversion, or long-term hold.

OVERVIEW

177 Java Street presents a rare opportunity to acquire a 25-foot-wide, three-unit property in the heart of Greenpoint, one of Brooklyn’s most desirable and consistently performing neighborhoods. Situated on a tree-lined street just steps from Manhattan Avenue, the property offers immediate access to the G train and is only two blocks from the Greenpoint waterfront, ensuring strong tenant demand and long-term appreciation potential. The building comprises three residential units: a two-bedroom on the first floor and two three-bedroom units on the upper levels, providing a flexible layout for maximizing rental income. A fully finished basement adds additional utility for storage, recreation, or ancillary use. Built on a 25 x 100 ft lot, the property includes approximately 3,000 square feet of existing space and an additional 2,000 square feet of buildable FAR, creating a clear path for future expansion or redevelopment. This fully occupied asset is well-positioned for multiple investment strategies, including setting market rents, repositioning for higher returns, or pursuing a condo conversion. With its prime location, strong rental fundamentals, and development upside, 177 Java Street offers a compelling opportunity for investors seeking both immediate income and long-term value growth.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$1,117 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,116,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenpoint Gem

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

02541-0052

ASK ABOUT THIS PROPERTY

Mike ZaccariaThe AgencyMore Info
917-207-4070

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Mike ZaccariaThe AgencyMore Info
917-207-4070

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