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147 Diamond St
Brooklyn, NY 11222
147 Diamond Street (Entire Building) · Multifamily Property For Sale · 2 Units

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EXECUTIVE SUMMARY

Our thoughts . . . .
147 Diamond Street · Greenpoint, Brooklyn Classic Two-Family with Expansion Potential 147 Diamond Street is a timeless two-family townhouse offering nearly 1,800 square feet of living space on an 18-by-100-foot lot in the heart of Greenpoint.
Built in 1901, the property blends pre-war charm with modern flexibility, making it equally compelling as a high-performing investment or as the foundation for a luxurious single-family home. The home is currently configured as two residences. The garden duplex features three bedrooms, a lower level that adds additional living space, and direct access to a private backyard oasis. This unit is presently leased through November 30, 2025, under a short three-month agreement that began September 1. Following its expiration, the property will be delivered vacant—an attractive advantage for both investors and buyers seeking immediate occupancy.
The second-floor apartment spans three to four bedrooms with a contemporary kitchen, 1.5 baths, and the rare convenience of central A/C in a pre-war building. Both units feature generously sized bedrooms, abundant natural light, and layouts that adapt beautifully to either tenant or owner needs. 147 Diamond Street is ready to deliver immediate value, while also offering the creative canvas to re-imagine its interiors. With thoughtfully staged visuals highlighting its potential alongside the actual spaces, buyers can easily envision both strong investment use and a polished single-family lifestyle.
For investors, the home provides stable rental demand and dependable long-term ROI. For end-users, the property offers nearly 1,800 square feet as built plus an additional 1,800 square feet of unused buildable potential—an exceptional canvas for creating a custom single-family home with expansive interiors and private outdoor space. Set on a quiet, tree-lined block, the property enjoys a location that balances neighborhood charm with convenience. Just minutes from McCarren and McGolrick Parks, and surrounded by Greenpoint’s eclectic mix of cafés, boutiques, and restaurants, residents also benefit from excellent schools, the newly renovated Greenpoint Library, and easy access to the G and L subway lines. ? A rare opportunity to secure a versatile Greenpoint property, 147 Diamond Street is perfectly positioned to serve as both a secure investment and a place to create a truly exceptional home.
Call today to schedule a private showing and explore the possibilities.

PROPERTY FACTS Under Contract

Price Per Unit $1,200,000
Sale Type Investment
Cap Rate 5.92%
Gross Rent Multiplier 15.4
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.04 AC
Building Size 1,800 SF
No. Stories 2
Year Built 1901
Zoning R6B - medium-density, contextual zoning district

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
8+4 2 - -
  • Listing ID: 37547083

  • Date on Market: 9/4/2025

  • Last Updated:

  • Address: 147 Diamond St, Brooklyn, NY 11222

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