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688 Manhattan Ave 6 Unit Apartment Building $3,995,000 ($665,833/Unit) Brooklyn, NY 11222
Executive Summary
Public Remarks
Welcome to 688 Manhattan Avenue, a standout mixed-use investment property located in the heart of Greenpoint. This well-maintained building features six free-market residential units and three commercial spaces, with two stores currently vacant, offering an excellent opportunity for a new business or additional income potential. The residential units consist of a mix of one- and two-bedroom apartments, providing strong and consistent rental appeal. The property is in excellent overall condition and presents a compelling opportunity for investors seeking stable cash flow and solid returns. Ideally positioned in one of Brooklyn’s most sought-after neighborhoods, the building is close to McCarren Park, McGolrick Park, and convenient transportation options including the Nassau Avenue G train and the Bedford Avenue L train, which is just one stop from Manhattan. Residents and businesses alike benefit from the area’s renowned restaurants, shops, and neighborhood amenities, making this location highly attractive for both residential and commercial tenants.
Welcome to 688 Manhattan Avenue, a standout mixed-use investment property located in the heart of Greenpoint. This well-maintained building features six free-market residential units and three commercial spaces, with two stores currently vacant, offering an excellent opportunity for a new business or additional income potential. The residential units consist of a mix of one- and two-bedroom apartments, providing strong and consistent rental appeal. The property is in excellent overall condition and presents a compelling opportunity for investors seeking stable cash flow and solid returns. Ideally positioned in one of Brooklyn’s most sought-after neighborhoods, the building is close to McCarren Park, McGolrick Park, and convenient transportation options including the Nassau Avenue G train and the Bedford Avenue L train, which is just one stop from Manhattan. Residents and businesses alike benefit from the area’s renowned restaurants, shops, and neighborhood amenities, making this location highly attractive for both residential and commercial tenants.
Property Facts
| Price | $3,995,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $665,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| No. Units | 6 | Building Size | 7,081 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R6A - Medium density residential district | ||
| Price | $3,995,000 |
| Price Per Unit | $665,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 7,081 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | R6A - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 02647-0056 | Improvements Assessment | $1,372,950 |
| Land Assessment | $10,350 | Total Assessment | $1,383,300 |
Property Taxes
Parcel Number
02647-0056
Land Assessment
$10,350
Improvements Assessment
$1,372,950
Total Assessment
$1,383,300
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688 Manhattan Ave
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