Prime Greenpoint Multifamily | 6 Apartments
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Boutique Residential Asset: An intimately scaled building featuring six well-appointed apartments.
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Turnkey Asset Quality: Impeccably maintained property with four of the six units fully gut-renovated, significantly reducing immediate CapEx requirements.
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High-Demand In-Unit Amenities: All free-market units feature in-unit washers and dryers alongside modern residential upgrades to command premium market rents.
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Protected Tax Class 2A: Provides built-in protection against aggressive real estate tax reassessments, capping annual tax growth and safeguarding Net Operating Income (NOI) against market-wide rate spikes.
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Capital Improvements: Extensive recent upgrades including new hot water tanks, renovated gas lines, an electric panel in mint condition, a newly renovated front entrance, fresh hallway paint, new windows installed, a brand-new basement with storage, and an updated security surveillance system.
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Optimized Utility Costs: Three of the six tenants pay their own heat and hot water directly.
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Storage Income Upside: Includes vacant basement storage space that can be subdivided into six private lockers, generating an estimated additional income of $150/month per locker ($750/month total across all 6 units).
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Prime Greenpoint Location: Ideally situated in one of Brooklyn’s most desirable neighborhoods, steps away from premier shopping, dining, vibrant entertainment, and convenient transit options.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Apartment Buildings |
| Price: | $2,450,000 |
| No. of Units: | 6 |
| Cap Rate: | 7.3% |
| Year Built: | 1928 |
| Building Size: | 6,496 Sq ft |
| Lot Size: | 0.60 Acres |
| No. of Stories: | 3 |
| Opportunity Zone: | No |
| Price per unit: | $408,333 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Lev Mavashev | (212) 658-0979 | [email protected] |
| Abraham Bamshad | (212) 390-0422 | [email protected] |
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