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Multifamily

29 Greenpoint Avenue

29 Greenpoint Ave, Brooklyn, NY 11222

Listing Price: $3,995,000

Cap Rate
5.40%
Number of Units
3
GRM
30.83
Price/Unit
$1,331,667
Price/Gross SF
$1,472.00
Gross SF
2,714

Investment Overview

Marcus and Millichap is pleased to offer 29 Greenpoint Avenue, a rare opportunity to acquire a turnkey, mixed-use asset in one of Brooklyn’s most sought-after neighborhoods. This fully occupied 3-unit building offers immediate in-place income with long-term development potential, steps from the vibrant Greenpoint waterfront. Located in a high-demand residential and retail corridor, near Transmitter Park and the NYC Ferry.

Investment Highlights

  • Situated in prime Greenpoint, the building includes two spacious, free-market residential units and a ground-floor commercial space currently occupied by Taku Sando, a popular Japanese sandwich shop.
  • Zoned R6/C2-4, the asset also includes approximately 2,900 square feet of unused air rights, providing a future redevelopment opportunity with a max FAR of 3.0.
  • Premier location just blocks from Transmitter Park, the NYC Ferry, and Greenpoint's vibrant retail and dining scene.

Exclusively Listed By

Financing By

Multifamily

29 Greenpoint Avenue

Listing Price: $3,995,000

Cap Rate
5.40%
Number of Units
3
GRM
30.83
Price/Unit
$1,331,667
Price/Gross SF
$1,472.00
Gross SF
2,714

Investment Highlights

  • Situated in prime Greenpoint, the building includes two spacious, free-market residential units and a ground-floor commercial space currently occupied by Taku Sando, a popular Japanese sandwich shop.
  • Zoned R6/C2-4, the asset also includes approximately 2,900 square feet of unused air rights, providing a future redevelopment opportunity with a max FAR of 3.0.
  • Premier location just blocks from Transmitter Park, the NYC Ferry, and Greenpoint's vibrant retail and dining scene.

Investment Overview

Marcus and Millichap is pleased to offer 29 Greenpoint Avenue, a rare opportunity to acquire a turnkey, mixed-use asset in one of Brooklyn’s most sought-after neighborhoods. This fully occupied 3-unit building offers immediate in-place income with long-term development potential, steps from the vibrant Greenpoint waterfront. Located in a high-demand residential and retail corridor, near Transmitter Park and the NYC Ferry.

Exclusively Listed By

Financing By

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