54 Franklin St - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$8,250,000 USD
718-475-4382
54 Franklin St, Brooklyn, NY for Sale
$8,250,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

54 Franklin St
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • Heart of Greenpoint's waterfront revival
  • Ideal for creative end users or boutique developers
  • Expansive space & flexible layouts
  • Surrounded by major redevelopment & growth
  • Zoning that inspires possibility

OVERVIEW

Marcus & Millichap is pleased to present 54 Franklin Street, a well-maintained mixed-use property located in the heart of Greenpoint, Brooklyn. The building features a blend of residential and commercial components, offering investors a rare opportunity to acquire a stable, income- producing asset with long-term upside. With solid tenancy and quality construction, the property benefits from Greenpoint’s continued growth and appeal among both residents and businesses seeking proximity to Manhattan while enjoying a vibrant neighborhood atmosphere. Situated on Franklin Street—one of Greenpoint’s most desirable commercial corridors—the property is surrounded by a diverse mix of restaurants, boutique retailers, cafés, and creative workspaces that contribute to the area’s energetic streetscape. The neighborhood’s strong residential base supports consistent retail demand, while nearby waterfront developments continue to attract new investment and foot traffic. 54 Franklin Street offers exceptional accessibility, with the Greenpoint Avenue G train just minutes away and multiple Citi Bike stations nearby. The property is also well connected to major thoroughfares, including the Brooklyn-Queens Expressway and Pulaski Bridge, providing seamless access to Long Island City, Williamsburg, and Midtown Manhattan. Combining strong fundamentals, prime location, and excellent connectivity, 54 Franklin Street presents an outstanding opportunity for investors seeking a foothold in one of Brooklyn’s most dynamic markets.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

2

PRICE/UNIT

$4,125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,231 SF

ZONING

M1-1

APN/PARCEL ID

02592-0020

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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Shaun RineyMarcus & MillichapMore Info
718-475-4382

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