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Mixed-Use

47 Franklin Street

47 Franklin St, Brooklyn, NY 11222

Listing Price: $7,500,000

Cap Rate
5.80%
Number of Units
6
Occupancy
100.0%
Price/Unit
$1,250,000
Price/Gross SF
$1,333.33
Gross SF
5,625

Investment Overview

Marcus and Millichap is pleased to offer 47 Franklin Street, a rare opportunity to acquire a turnkey mixed-use asset in the heart of Greenpoint, Brooklyn—one of New York City’s most dynamic and rapidly appreciating neighborhoods. The property features four free-market apartments and two ground-floor commercial spaces leased to the acclaimed Chez Ma Tante, a Michelin- recognized restaurant and named by The New York Times as one of the city’s top 100 dining destinations.

Investment Highlights

  • 47 Franklin Street, built in 1931, is comprised of four free market mixed units, 2 retail units, totaling 5,625 SF.
  • Zone M1-2/R6B (MX-8) | Tax Class 2A
  • Situated just steps from Bushwick Inlet Park and the Williamsburg waterfront, this asset benefits from over $90 million in recent public investment transforming the area's open space and amenities.

Exclusively Listed By

Financing By

Mixed-Use

47 Franklin Street

Listing Price: $7,500,000

Cap Rate
5.80%
Number of Units
6
Occupancy
100.0%
Price/Unit
$1,250,000
Price/Gross SF
$1,333.33
Gross SF
5,625

Investment Highlights

  • 47 Franklin Street, built in 1931, is comprised of four free market mixed units, 2 retail units, totaling 5,625 SF.
  • Zone M1-2/R6B (MX-8) | Tax Class 2A
  • Situated just steps from Bushwick Inlet Park and the Williamsburg waterfront, this asset benefits from over $90 million in recent public investment transforming the area's open space and amenities.

Investment Overview

Marcus and Millichap is pleased to offer 47 Franklin Street, a rare opportunity to acquire a turnkey mixed-use asset in the heart of Greenpoint, Brooklyn—one of New York City’s most dynamic and rapidly appreciating neighborhoods. The property features four free-market apartments and two ground-floor commercial spaces leased to the acclaimed Chez Ma Tante, a Michelin- recognized restaurant and named by The New York Times as one of the city’s top 100 dining destinations.

Exclusively Listed By

Financing By

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