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194 Greenpoint Ave 3 Unit Apartment Building $3,950,000 ($1,316,667/Unit) 6.80% Cap Rate Brooklyn, NY 11222
Executive Summary
194 Greenpoint Avenue presents a rare opportunity to acquire a cash-flowing mixed-use asset at the prominent corner of Greenpoint Avenue and Manhattan Avenue in the heart of Greenpoint. Surrounded by significant residential and commercial development, the property benefits from strong neighborhood fundamentals, excellent visibility, and exceptional access to public transportation. Positioned in one of Brooklyn's most desirable and supply-constrained markets, the asset offers stable current income with long-term appreciation potential.
Property Facts
| Price | $3,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,316,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.80% | Construction Status | Under Construction |
| Gross Rent Multiplier | 12.9 | Building Size | 3,377 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.3/1,000 SF |
| Zoning | R-6 | ||
| Price | $3,950,000 |
| Price Per Unit | $1,316,667 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Gross Rent Multiplier | 12.9 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Construction Status | Under Construction |
| Building Size | 3,377 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.3/1,000 SF |
| Zoning | R-6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02575-0009 | Improvements Assessment | $12,840 |
| Land Assessment | $11,040 | Total Assessment | $23,880 |
Property Taxes
Parcel Number
02575-0009
Land Assessment
$11,040
Improvements Assessment
$12,840
Total Assessment
$23,880
Contacts
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Daniel Greenblatt -
Shaun Riney -
Mike Salvatico -
Harrison Rich -
Marcus & Millichap
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