146 Diamond St 5 Unit Apartment Building $2,688,933 CAD ($537,787 CAD/Unit) Brooklyn, NY 11222

146 Diamond Street is a modern mixed-use building constructed in 2016 and located in the heart of Greenpoint. The property consists of four 1 BR / 1.5 BA duplex residential
units and one ground-floor commercial/community facility space, offering investors the opportunity to acquire a differentiated North Brooklyn asset with both current income and long term upside potential.

The building features multiple private outdoor spaces, a rooftop terrace with skyline views, oversized windows, private storage spaces for each tenant, and a vacant residential unit creating immediate leasing or owner-user flexibility.
From an investment perspective, the property presents a compelling long-term repositioning opportunity. The property’s prior 421-a regulatory period is scheduled to expire on 7/1/26, with future vacancy expected to allow for substantial rental upside over time. Combined with the pending tax certiorari claim, the property offers meaningful long-term cash flow growth potential.
An end-user could also occupy the current vacant PH unit and/or utilize the commercial duplex while supplementing ownership costs with rental income from the
remaining units.
Overall, 146 Diamond Street represents an opportunity to acquire a modern Greenpoint asset with strong underlying fundamentals and multiple avenues for future upside. Feel free to reach out to horne.team@compass.com / 917-833-5059 for additional questions or to make an offer.