47 Franklin St - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$7,750,000 USD
212-729-6279
47 Franklin St, Brooklyn, NY for Sale
$7,750,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

47 Franklin St
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • 100% Fair Market & Tax class protected (2A)
  • 75’ of Wraparound Frontage
  • Meticulously Gut Renovated Corner Units
  • Retail is occupied by a renowned restaurant tenant on a long-term lease
  • Prime Greenpoint Location steps from the Greenpoint Waterfront
  • Proximity to the Nassau Avenue Metro Stop (G) and Greenpoint Ferry Landing

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale 47 Franklin Street (the “Property”), a three-story mixed-use walk-up building featuring 75 feet of wraparound frontage on the southwest corner of Franklin Street and Calyer Street in Greenpoint. The Property spans 5,625± square feet across five (5) units, including four (4) residential units above one (1) retail unit on the ground floor. This building is 100% Fair Market and presents an outstanding opportunity to acquire a cash-flowing boutique luxury multifamily while taking advantage of the future rental upside in Brooklyn’s hippest neighborhood. 47 Franklin Street offers potential investors a boutique luxury mixed-use property anchored by one of Greenpoint’s most popular restaurants in Brooklyn's trendiest and fasting-growing neighborhood.

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$1,378 USD /SF

# OF UNITS

6

PRICE/UNIT

$1,291,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,209 SF

ZONING

M1-2

APN/PARCEL ID

02589-0014

ASK ABOUT THIS PROPERTY

Kyle SabathAvison YoungMore Info
212-729-6279

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Kyle SabathAvison YoungMore Info
212-729-6279

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