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94 Greenpoint Ave 8 Unit Apartment Building $7,250,000 ($906,250/Unit) 6.01% Cap Rate Brooklyn, NY 11222
INVESTMENT HIGHLIGHTS
- $12,000,000 Condo Resale Value
- Retail conversion of the ground floor.
- Completed in 2016, the new construction building boasts a certificate of occupancy and offers unparalleled luxury and craftsmanship.
EXECUTIVE SUMMARY
Prime 7,333 SF Residential Building in Greenpoint
$12,000,000 in Condo Resale
Located in the heart of Greenpoint, between Franklin St and Manhattan Ave, this exceptional 7,333 square foot residential building is a prime investment opportunity. Completed in 2016, the new construction building boasts a certificate of occupancy and offers unparalleled luxury and craftsmanship.
Building Features:
- 8 Units: Each unit is thoughtfully designed, featuring premium appliances, beautiful hardwood floors, and exquisite woodwork. Some units are set up as duplexes, providing spacious living areas.
- Private Gardens & Roof Terraces: Ground-floor units include private gardens, while the penthouse units offer private roof terraces with stunning Manhattan views.High-Quality Construction: This brick construction building is built like a tank, with imported doors and meticulous attention to detail, ensuring durability and elegance.
- Landmark Block: Situated on a landmark block, this building combines historical charm with modern luxury.
Investment Potential:
- Condo Conversion Possibility: The building offers the potential for condo conversion, allowing for flexible ownership and investment strategies.
- Retail conversion of the ground floor. Greenpoint Ave generates north of $100 per sq. ft. for retail spaces
- Versatile Usage: Whether you choose to take one or more units as an owner and collect rent from the remaining units or hold the entire building strictly as an investment, the options are endless.
Don't miss out on this rare opportunity to own a top-notch new construction building in one of Brooklyn's most desirable neighborhoods.
$12,000,000 in Condo Resale
Located in the heart of Greenpoint, between Franklin St and Manhattan Ave, this exceptional 7,333 square foot residential building is a prime investment opportunity. Completed in 2016, the new construction building boasts a certificate of occupancy and offers unparalleled luxury and craftsmanship.
Building Features:
- 8 Units: Each unit is thoughtfully designed, featuring premium appliances, beautiful hardwood floors, and exquisite woodwork. Some units are set up as duplexes, providing spacious living areas.
- Private Gardens & Roof Terraces: Ground-floor units include private gardens, while the penthouse units offer private roof terraces with stunning Manhattan views.High-Quality Construction: This brick construction building is built like a tank, with imported doors and meticulous attention to detail, ensuring durability and elegance.
- Landmark Block: Situated on a landmark block, this building combines historical charm with modern luxury.
Investment Potential:
- Condo Conversion Possibility: The building offers the potential for condo conversion, allowing for flexible ownership and investment strategies.
- Retail conversion of the ground floor. Greenpoint Ave generates north of $100 per sq. ft. for retail spaces
- Versatile Usage: Whether you choose to take one or more units as an owner and collect rent from the remaining units or hold the entire building strictly as an investment, the options are endless.
Don't miss out on this rare opportunity to own a top-notch new construction building in one of Brooklyn's most desirable neighborhoods.
PROPERTY FACTS
| Price | $7,250,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $906,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.01% | Building Size | 7,333 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2014 |
| Property Subtype | Apartment | ||
| Zoning | R6 - Medium density residential district | ||
| Price | $7,250,000 |
| Price Per Unit | $906,250 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 7,333 SF |
| No. Stories | 4 |
| Year Built | 2014 |
| Zoning | R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Balcony
- Microwave
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Garden
- Patio
- Porch
- Window Coverings
SITE AMENITIES
- Roof Terrace
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 02563-0009 | Improvements Assessment | $1,731,150 |
| Land Assessment | $53,550 | Total Assessment | $1,784,700 |
PROPERTY TAXES
Parcel Number
02563-0009
Land Assessment
$53,550
Improvements Assessment
$1,731,150
Total Assessment
$1,784,700
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