54 Franklin St - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$8,250,000 USD
929-447-2483
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


OVERVIEW

• "The Gateway to Greenpoint" – Strategically positioned at the intersection of Williamsburg and Greenpoint, this premier retail redevelopment occupies one of North Brooklyn’s most sought-after corridors. The location serves as a natural entry point between two of the borough’s most vibrant neighborhoods, offering unparalleled visibility and access within the area’s strongest retail pocket. • Over 8,000 SF Above Grade + 4,000 SF Usable Basement - A substantial mixed-use building offering expansive, column-free layouts and soaring ceiling heights ideal for creative office, gallery, or mixed-use reprogramming. The lower level provides potential for workspace, storage, or amenity use. • Delivered Completely Vacant - A rare opportunity for investors, owner-users, or boutique developers to reposition or fully reimagine the property—without the challenges of existing tenancy. • Panoramic Rooftop Views - Sweeping skyline views of Uptown and Downtown Manhattan, ideal for hospitality or creative users seeking a distinctive environment with character and visibility. • Prime Corner Location - Perfectly positioned at one of Greenpoint’s most visible intersections, surrounded by acclaimed restaurants, cafés, boutiques, and cultural venues that activate the area year-round. • M1-1 Zoning with Flexible Use Potential - Allows for office, studio, retail, light industrial, or community facility use—with potential for future mixed-use conversion as the neighborhood continues to evolve. • Part of Greenpoint’s Expanding Waterfront - 54 Franklin sits at the center of a sweeping neighborhood transformation driven by large-scale development of over 1000+ units. Benefiting from transformative nearby developments such as Monitor Point, The Greenpoint, and West Wharf, redefining the local skyline and driving long-term growth. • Exceptional Accessibility - Minutes from the Greenpoint Avenue G Train, Citi Bike stations, and major routes connecting to Williamsburg, LIC, and Manhattan.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$1,030 USD /SF

# OF UNITS

1

PRICE/UNIT

$8,250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

M1-1

APN/PARCEL ID

02592-0020

ASK ABOUT THIS PROPERTY

Harrison RichMarcus & MillichapMore Info
929-447-2483

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Harrison RichMarcus & MillichapMore Info
929-447-2483

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