196 Nassau Ave 5 Unit Apartment Building $3,360,000 ($672,000/Unit) Brooklyn, NY 11222

A rare offering in the heart of Greenpoint, 196 Nassau Avenue is a fully vacant free market 5 unit property that presents versatility for investors, developers, and end users. The property offers an opportunity to add value through repositioning, long-term hold, or alternative uses all within one of Brooklyn’s most established and evolving neighborhoods. Backed by a flexible layout and prime location, this asset is strategically positioned to benefit from Greenpoint’s continued demand and strong growth trajectory.
Investment Highlights:
• five/six-unit property — delivered fully vacant
• Significant potential for value creation and appreciation
• Flexible layout suitable for a range of strategies
• Prime Greenpoint location in a high-demand, growth-oriented market
Location Benefits:
• Steps from Msgr. McGolrick Park and close to McCarren Park
• Surrounded by acclaimed local favorites including Oxomoco, Paulie Gee’s, Five Leaves, Bernie’s , and Chrissy’s Pizza.
• Convenient access to grocery stores, boutiques, and neighborhood essentials
Transportation Access:
• Short distance to the G train at Nassau Ave and Greenpoint Ave
• Served by multiple bus routes: B48, B62, and B43
• Close proximity to the NYC Ferry, Pulaski Bridge, and major roadways (BQE, LIE)
With its rare vacant status, strategic location, and range of potential uses, 196 Nassau Ave offers a compelling opportunity to create long-term value in the heart of Brooklyn.