759-761 Manhattan Ave 16 Unit Apartment Building $12,700,000 ($793,750/Unit) Brooklyn, NY 11222

Prime Greenpoint Investment Opportunity – Mixed-Use Building on Manhattan Avenue
An exceptional opportunity to acquire a well-positioned, mixed-use asset in the heart of Greenpoint, Brooklyn on Manhattan Avenue, the neighborhood’s primary commercial corridor.
Property Overview:
Total Units: 16 Residential + 2 Retail
Residential Breakdown: 7 Rent-Stabilized (2 vacant)
Retail Tenants: Mattress Firm and a Wine & Liquor Store (grandfathered use)
Total Gross Income: $900,991.63
NOI: $550,563.56 Pro Forma: $734,536.24
This property offers tremendous upside potential, as only a handful of residential units have been renovated. The previous ownership has consistently renewed leases at below-market rents, creating a significant value-add opportunity for the next investor.
Key Investment Highlights:
? Stable Cash Flow with Retail Anchors – Long-term tenants, including a national credit retailer and an established liquor store.
? Below-Market Residential Rents – Significant potential to increase income through apartment renovations and unit turnover.
? Vacant Rent-Stabilized Units – Ability to capture immediate upside by leasing at updated rental thresholds.
? Prime Location – Situated in one of Brooklyn’s most sought-after neighborhoods, with heavy foot traffic and excellent access to transit.
With strong in-place income and long-term growth potential, this is an ideal opportunity for an investor seeking a high-performing mixed-use asset with immediate and long-term upside.
For pricing and further details, please contact us directly.