Prime Greenpoint Location
Situated in one of Brooklyn’s most desirable and rapidly growing neighborhoods, with strong retail and residential demand.
Turnkey Mixed-Use Asset Fully occupied 3-unit building with 2 free- market residential units and 1 commercial unit (Taku Sando, Japanese sandwich shop).
Attractive Financial Metrics
In-place cap rate: 5.4%
Pro forma cap rate: 5.6%
Stable Income with Upside
Residential rents average $5,400/month with potential to increase to $5,750/month; commercial rent already near market.
Development Potential
Zoned R6/C2-4 with approx. 2,900 SF of unused air rights, offering long-term redevelopment opportunity (Max FAR 3.0). Efficient Expense Structure Low expense ratio of 11%, with tax class 1 status and minimal operating costs.
Turnkey Mixed-Use Building
Fully occupied asset with minimal immediate capital needs — ideal for investors seeking stable, in-place cash flow from day one.
Prime Greenpoint Waterfront Location.
Located just steps from the Greenpoint waterfront and within walking distance to Transmitter Park, the NYC Ferry, and vibrant retail and dining options.