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98 Greenpoint Ave 6 Unit Apartment Building $9,068,800 CAD ($1,511,467 CAD/Unit) 5.68% Cap Rate Brooklyn, NY 11222
EXECUTIVE SUMMARY
98 Greenpoint Avenue – Prime Mixed-Use Investment Property
Located on a landmark block in the heart of Greenpoint, 98 Greenpoint Avenue is a fully renovated brick mixed-use building offering a rare combination of historic charm and modern upgrades. Renovated in 2018, the property blends timeless design with premium finishes, making it a standout turnkey investment.
Residential Features
Premium appliances and Italian-designed kitchens
Beautiful hardwood floors throughout
Abundant natural light with oversized windows
Select units boast soaring ceilings for a loft-like feel
Two second-floor apartments feature private outdoor terracesRetail Component
Approximately 2,000 SF of ground-floor retail space
Occupied by Lockwood, one of New York City’s top gift shops with multiple successful locations
Long Standing tenant providing stable income and strong neighborhood presence
Investment Highlights
Fully renovated in 2018 – minimal capital improvements required
Desirable Greenpoint landmark block with high foot traffic
Strong tenant mix and established retail anchor
Ideal opportunity for investors seeking a clean, stable, and appreciating asset
If you are looking for a low-maintenance, income-producing property in one of Brooklyn’s most vibrant neighborhoods, 98 Greenpoint Avenue is the one.
Located on a landmark block in the heart of Greenpoint, 98 Greenpoint Avenue is a fully renovated brick mixed-use building offering a rare combination of historic charm and modern upgrades. Renovated in 2018, the property blends timeless design with premium finishes, making it a standout turnkey investment.
Residential Features
Premium appliances and Italian-designed kitchens
Beautiful hardwood floors throughout
Abundant natural light with oversized windows
Select units boast soaring ceilings for a loft-like feel
Two second-floor apartments feature private outdoor terracesRetail Component
Approximately 2,000 SF of ground-floor retail space
Occupied by Lockwood, one of New York City’s top gift shops with multiple successful locations
Long Standing tenant providing stable income and strong neighborhood presence
Investment Highlights
Fully renovated in 2018 – minimal capital improvements required
Desirable Greenpoint landmark block with high foot traffic
Strong tenant mix and established retail anchor
Ideal opportunity for investors seeking a clean, stable, and appreciating asset
If you are looking for a low-maintenance, income-producing property in one of Brooklyn’s most vibrant neighborhoods, 98 Greenpoint Avenue is the one.
PROPERTY FACTS
| Price | $9,068,800 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,511,467 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.68% | Building Size | 5,750 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1930/2018 |
| Zoning | R6/C2-4 - In NYC, R6 Zoning is a medium-density residential zoning district. It has optional regulations for the Quality Housing Program. | ||
| Price | $9,068,800 CAD |
| Price Per Unit | $1,511,467 CAD |
| Sale Type | Investment |
| Cap Rate | 5.68% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,750 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2018 |
| Zoning | R6/C2-4 - In NYC, R6 Zoning is a medium-density residential zoning district. It has optional regulations for the Quality Housing Program. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Wi-Fi
- Freezer
- Intercom
- Island Kitchen
- Patio
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1.5 | 2 | - | - |
| 1+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 02563-0011 | Improvements Assessment | $1,594,563 CAD |
| Land Assessment | $179,909 CAD | Total Assessment | $1,774,472 CAD |
PROPERTY TAXES
Parcel Number
02563-0011
Land Assessment
$179,909 CAD
Improvements Assessment
$1,594,563 CAD
Total Assessment
$1,774,472 CAD
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98 Greenpoint Ave
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