Greenpoint Gem
11 Unit Apartment Building | $5,995,000 ($545,000/Unit) | Brooklyn, NY 11222
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,995,000
- Property Type
-
Multifamily
- Square Feet
- 11,250 SF
Listing Contacts
Christopher Mahoney
Verified Profile
Heather Milazzo
Verified Profile
Anthony Cardillo
Verified Profile
- Property Info
Property Overview
The property is a new apartment building in the Greenpoint Submarket of Brooklyn and it contains 10 residential units and 1 commercial unit. 8 of the 10 residential units are rent stabilized and 2 are market. Presently 7 of the 8 residential units are occupied and the commercial space is available. The property benefits from the cash flow of the tenants with the added benefit of a tax abatement. The property has a 421A Tax Abatement with over 30 years remaining which significant value to the property.
Property Details
- Class
- B
- Year Built
- 2017
- Stories
- 4
- Lot Size (sq. ft)
- 3,920 SF
- Units
- 11
Highlights
- Built in 2017
- 421A Tax Abatement
- Available Commercial Space and 1 residential unit
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