196 Nassau Ave - Multi-Family FOR SALE


Brooklyn, NY 11222- Greenpoint
$3,360,000 USD
516-509-5476
196 Nassau Ave, Brooklyn, NY for Sale
$3,360,000 USD
Multi-Family - FOR SALE
1/10
null | Request Cap Rate

196 Nassau Ave
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • Delivered Vacant
  • Flexible Layout
  • Growth Oriented Market
  • Value Add

OVERVIEW

A rare offering in the heart of Greenpoint, 196 Nassau Avenue is a fully vacant, five/six-unit property that presents versatility for investors, developers, and end users. The property offers an opportunity to add value through repositioning, long-term hold, or alternative uses all within one of Brooklyn’s most established and evolving neighborhoods. Backed by a flexible layout and prime location, this asset is strategically positioned to benefit from Greenpoint’s continued demand and strong growth trajectory. Investment Highlights: • five/six-unit property — delivered fully vacant • Significant potential for value creation and appreciation • Flexible layout suitable for a range of strategies • Prime Greenpoint location in a high-demand, growth-oriented market Location Benefits: • Steps from Msgr. McGolrick Park and close to McCarren Park • Surrounded by acclaimed local favorites including Oxomoco, Paulie Gee’s, Five Leaves, Bernie’s , and Chrissy’s Pizza. • Convenient access to grocery stores, boutiques, and neighborhood essentials Transportation Access: • Short distance to the G train at Nassau Ave and Greenpoint Ave • Served by multiple bus routes: B48, B62, and B43 • Close proximity to the NYC Ferry, Pulaski Bridge, and major roadways (BQE, LIE) With its rare vacant status, strategic location, and range of potential uses, 196 Nassau Ave offers a compelling opportunity to create long-term value in the heart of Brooklyn.

FOR SALE DETAILS

PRICE

$3,360,000 USD

PRICE/SF

$800 USD /SF

# OF UNITS

5

PRICE/UNIT

$672,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

R6B

APN/PARCEL ID

02686-0003

ASK ABOUT THIS PROPERTY

Dominique FlorioSERHANT.More Info
516-509-5476

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Dominique FlorioSERHANT.More Info
516-509-5476

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