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Executive Summary
• "The Gateway to Greenpoint" – Strategically positioned at the intersection of Williamsburg and Greenpoint, this premier retail redevelopment occupies one of North Brooklyn’s most sought-after corridors. The location serves as a natural entry point between two of the borough’s most vibrant neighborhoods, offering unparalleled visibility and access within the area’s strongest retail pocket.
• Over 8,000 SF Above Grade + 4,000 SF Usable Basement - A substantial mixed-use building offering expansive, column-free layouts and soaring ceiling heights ideal for creative office, gallery, or mixed-use reprogramming. The lower level provides potential for workspace, storage, or amenity use.
• Delivered Completely Vacant - A rare opportunity for investors, owner-users, or boutique developers to reposition or fully reimagine the property—without the challenges of existing tenancy.
• Panoramic Rooftop Views - Sweeping skyline views of Uptown and Downtown Manhattan, ideal for hospitality or creative users seeking a distinctive environment with character and visibility.
• Prime Corner Location - Perfectly positioned at one of Greenpoint’s most visible intersections, surrounded by acclaimed restaurants, cafés, boutiques, and cultural venues that activate the area year-round.
• M1-1 Zoning with Flexible Use Potential - Allows for office, studio, retail, light industrial, or community facility use—with potential for future mixed-use conversion as the neighborhood continues to evolve.
• Part of Greenpoint’s Expanding Waterfront - 54 Franklin sits at the center of a sweeping neighborhood transformation driven by large-scale development of over 1000+ units. Benefiting from transformative nearby developments such as Monitor Point, The Greenpoint, and West Wharf, redefining the local skyline and driving long-term growth.
• Exceptional Accessibility - Minutes from the Greenpoint Avenue G Train, Citi Bike stations, and major routes connecting to Williamsburg, LIC, and Manhattan.
• Over 8,000 SF Above Grade + 4,000 SF Usable Basement - A substantial mixed-use building offering expansive, column-free layouts and soaring ceiling heights ideal for creative office, gallery, or mixed-use reprogramming. The lower level provides potential for workspace, storage, or amenity use.
• Delivered Completely Vacant - A rare opportunity for investors, owner-users, or boutique developers to reposition or fully reimagine the property—without the challenges of existing tenancy.
• Panoramic Rooftop Views - Sweeping skyline views of Uptown and Downtown Manhattan, ideal for hospitality or creative users seeking a distinctive environment with character and visibility.
• Prime Corner Location - Perfectly positioned at one of Greenpoint’s most visible intersections, surrounded by acclaimed restaurants, cafés, boutiques, and cultural venues that activate the area year-round.
• M1-1 Zoning with Flexible Use Potential - Allows for office, studio, retail, light industrial, or community facility use—with potential for future mixed-use conversion as the neighborhood continues to evolve.
• Part of Greenpoint’s Expanding Waterfront - 54 Franklin sits at the center of a sweeping neighborhood transformation driven by large-scale development of over 1000+ units. Benefiting from transformative nearby developments such as Monitor Point, The Greenpoint, and West Wharf, redefining the local skyline and driving long-term growth.
• Exceptional Accessibility - Minutes from the Greenpoint Avenue G Train, Citi Bike stations, and major routes connecting to Williamsburg, LIC, and Manhattan.
Property Facts
| Price | $8,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $8,250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Sale Condition | Redevelopment Project | Building Size | 8,008 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | M1-1 - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price | $8,250,000 |
| Price Per Unit | $8,250,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 8,008 SF |
| No. Stories | 2 |
| Year Built | 1931 |
| Zoning | M1-1 - Light industrial with offices, hotels, and most retail uses permitted |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 02592-0020 | Improvements Assessment | $229,950 |
| Land Assessment | $48,150 | Total Assessment | $278,100 |
Property Taxes
Parcel Number
02592-0020
Land Assessment
$48,150
Improvements Assessment
$229,950
Total Assessment
$278,100
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54 Franklin St
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