76 Java St - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$3,250,000 USD
718-475-4382
76 Java St, Brooklyn, NY for Sale
$3,250,000 USD
Apartments - FOR SALE
1/15
null | 4.8% Cap Rate

76 Java St
Brooklyn, NY 11222
Greenpoint


OVERVIEW

GUT RENOVATED TURNKEY 100% OCCUPIED 3 FAMILY A rare opportunity to purchase a fully renovated, three-unit multifamily property in North Brooklyn, one of the most supply-constrained waterfront markets in New York City. Opportunities at this caliber, in this location, are very rare. PREMIER GREENPOINT WATERFRONT LOCATION Situated steps from the India Street NYC Ferry landing and moments from the G Train, 76 Java Street offers seamless access to Manhattan while sitting at the epicenter of Greenpoint's most coveted waterfront pocket, a location that continues to appreciate with every passing year. WEST STREET & FRANKLIN STREET RETAIL CORRIDOR Located next to West Street and Franklin Street, Greenpoint's most sought-after and rapidly emerging retail corridor. One block over is Franklin Street, which is a comparable location profile to Berry Street and N 6th in Williamsburg or Bleecker Street in the West Village. SURROUNDED BY LUXURY DEVELOPMENT & EXCEPTIONALLY LOW TAXES Flanked by over 1,000 new luxury units at Greenpoint Landing, The Huron, West Wharf, and 1 Java Street, the property benefits from powerful demand drivers and continued neighborhood appreciation, all with an exceptionally low annual tax bill of just $6,046. COMPELLING VALUE This fully gut-renovated 3-family is priced at $1,300 per square foot, when unrenovated 3-family properties just a couple of blocks away are already trading at $1,100 per square foot. For just $200 more per foot, buyers are getting a turnkey, fully modernized asset with zero renovation risk, no capital expenditure, and immediate income potential from day one.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$1,354 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,083,333

CAP RATE

4.8%

% 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

0.02 AC

LAND SF

871 SF

ZONING

M1-2/R6B

APN/PARCEL ID

02549-0018

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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