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688 Manhattan Ave 6 Unit Apartment Building $5,484,336 CAD ($914,056 CAD/Unit) Brooklyn, NY 11222
Executive Summary
Public Remarks
Welcome to 688 Manhattan Avenue, a standout mixed-use investment property located in the heart of Greenpoint. This well-maintained building features six free-market residential units and three commercial spaces, with two stores currently vacant, offering an excellent opportunity for a new business or additional income potential. The residential units consist of a mix of one- and two-bedroom apartments, providing strong and consistent rental appeal. The property is in excellent overall condition and presents a compelling opportunity for investors seeking stable cash flow and solid returns. Ideally positioned in one of Brooklyn’s most sought-after neighborhoods, the building is close to McCarren Park, McGolrick Park, and convenient transportation options including the Nassau Avenue G train and the Bedford Avenue L train, which is just one stop from Manhattan. Residents and businesses alike benefit from the area’s renowned restaurants, shops, and neighborhood amenities, making this location highly attractive for both residential and commercial tenants.
Welcome to 688 Manhattan Avenue, a standout mixed-use investment property located in the heart of Greenpoint. This well-maintained building features six free-market residential units and three commercial spaces, with two stores currently vacant, offering an excellent opportunity for a new business or additional income potential. The residential units consist of a mix of one- and two-bedroom apartments, providing strong and consistent rental appeal. The property is in excellent overall condition and presents a compelling opportunity for investors seeking stable cash flow and solid returns. Ideally positioned in one of Brooklyn’s most sought-after neighborhoods, the building is close to McCarren Park, McGolrick Park, and convenient transportation options including the Nassau Avenue G train and the Bedford Avenue L train, which is just one stop from Manhattan. Residents and businesses alike benefit from the area’s renowned restaurants, shops, and neighborhood amenities, making this location highly attractive for both residential and commercial tenants.
Property Facts
| Price | $5,484,336 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $914,056 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| No. Units | 6 | Building Size | 7,081 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R6A - Medium density residential district | ||
| Price | $5,484,336 CAD |
| Price Per Unit | $914,056 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 7,081 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | R6A - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 02647-0056 | Improvements Assessment | $1,884,786 CAD |
| Land Assessment | $14,208 CAD | Total Assessment | $1,898,994 CAD |
Property Taxes
Parcel Number
02647-0056
Land Assessment
$14,208 CAD
Improvements Assessment
$1,884,786 CAD
Total Assessment
$1,898,994 CAD
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688 Manhattan Ave
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