183 Green St - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$5,600,000 USD
646-284-2026
183 Green St, Brooklyn, NY for Sale
$5,600,000 USD
Apartments - FOR SALE
1/11
null | 5.55% Cap Rate

183 Green St
Brooklyn, NY 11222
Greenpoint


OVERVIEW

Multifamily | 5 Units | $1,120,000/unit 183 Green Street, Greenpoint — A Meticulously Renovated Five-Family Residence Set on one of Greenpoint's most picturesque tree-lined blocks, 183 Green Street is a fully renovated five-family building that pairs the character of a classic Brooklyn townhouse with the comfort and convenience of contemporary living. The building comprises approximately 3,750 square feet above grade, arranged as five distinct residences: a three-bedroom, two-bath garden residence with its own private entrance, two spacious two-bedroom apartments, and two well-appointed one-bedroom apartments. Each home has been thoughtfully laid out to maximize light, proportion, and privacy. The garden residence is the jewel of the property. Entered through its own private doorway, it offers generous living and dining space, three bedrooms, and two full bathrooms, and opens directly onto a beautifully landscaped private garden. A partially covered terrace creates a seamless indoor-outdoor setting for entertaining in every season, a rare luxury in this part of Brooklyn. Throughout the building, the renovation was executed with an eye toward both design and durability. Kitchens feature custom cabinetry, stone countertops, and a full suite of modern stainless appliances. Bathrooms are finished in contemporary tile and fixtures. Every apartment enjoys in-unit washer and dryer, wide-plank hardwood floors, soaring ceilings, and handsome exposed beams, with original architectural details carefully preserved to honor the building's history. Electrical, plumbing, and mechanical systems have been updated to modern standards, offering an owner peace of mind and low anticipated capital needs. All five apartments are free-market residences, affording an owner latitude in leasing and long-term management. The property currently produces approximately $351,900 in annual gross income and approximately $310,974 in net operating income based on the current expense schedule. A full rent roll and expense statement are available to qualified purchasers upon request. Just steps from Manhattan Avenue, the building sits at the center of everything Greenpoint has to offer: the G train at Greenpoint Avenue, the NYC Ferry and the transformed waterfront parks, McCarren Park, and the neighborhood's celebrated restaurants, cafés, boutiques, and nightlife. Williamsburg and Long Island City are minutes away, and Manhattan is a short ferry or subway ride. 183 Green Street is an opportunity to own a turnkey, income-producing property in one of Brooklyn's most sought-after neighborhoods, offered in exceptional condition.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$1,505 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,120,000

CAP RATE

5.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6

APN/PARCEL ID

02513-0054

ASK ABOUT THIS PROPERTY

Michal KurasMichal KurasMore Info
646-284-2026

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Michal KurasMichal KurasMore Info
646-284-2026

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