Marcus & Millichap is pleased to exclusively present 47 Franklin Street, a corner mixed-use property at Calyer and Franklin Street in the heart of Greenpoint. The building comprises four two-bedroom, one-bath floor-through apartments and two retail stores — 100% free market and fully occupied.
All four residential units are fully leased, and both retail spaces are home to the extremely successful restaurant Chez Ma Tante.
The property has been meticulously renovated over the past three years and will be delivered with a brand-new Certificate of Occupancy. This new CO exempts the property from the Good Cause Eviction Law, giving a new owner the ability to capture ongoing upside in Greenpoint's thriving residential rental market for years to come.
The location is exceptional: one block from the waterfront and Bushwick Inlet Park, a five-minute walk to prime North Williamsburg, four blocks from the G train at Greenpoint Avenue, and surrounded by some of the best shopping, dining, and nightlife in New York City.