If ever the old real estate adage Location, location, location ever truly applied, it is at 131 Greenpoint Avenue, a mixed use brick building located in the heart of Greenpoint ...

578 Driggs Avenue Brooklyn, NY 11211
Courtesy of The Corcoran Group
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Location

131 Greenpoint Avenue
Brooklyn NY 11222
Cross street:Franklin Street

Building

Type:Townhouse
Era:Post-war
Floors:4

Property

Ownership: Mixed Use
Pets: Pets Unknown

Financials

Price: $3,350,000

Description

If ever the old real estate adage "Location, location, location" ever truly applied, it is at 131 Greenpoint Avenue, a mixed-use brick building located in the heart of Greenpoint - central to transportation, Transmitter Park, great restaurants, and retail. The G train entrance is right at the corner on Manhattan Avenue and the East River ferry is but a few blocks away. The building boasts a new commercial tenant with a history of great success in the neighborhood, Jungle Cafe, guaranteeing excellent income for a decade to come. There are 6 boxed units over the commercial space, one a renovated free-market 2 bedroom and the rest rent-stabilized. There is definitely upside in the rents. The building is 25' x 65' on a 25' x 95' lot with approximately 617 sq ft of FAR left to build if necessary. Zoning is R6A, C2-4. Ownership recognizes the recent changes in rent-stabilization laws and the price has been drastically adjusted to reflect that. Very motivated so please submit offers. DHCR documents can be reviewed upon offer acceptance.

Amenities

  • Voice Intercom
  • Walk-up

Neighborhood

More listings: Greenpoint

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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.