1139-1141 Manhattan Ave 6 Unité Immeuble d’appartements 7 055 500 $ CAD (1 175 917 $ CAD/Unité) 6,70% Taux de capitalisation Brooklyn, NY 11222

APARTMENRS OVER 2 COMMERCIAL SPACES
• Prime Greenpoint Cash-Flowing Mixed-Use Portfolio –
A rare investment located along Manhattan Avenue, the main commercial spine connecting Greenpoint to Long Island City. The properties sit within one of North Brooklyn’s most active mixed-use corridors, offering consistent foot traffic, long-term tenancy demand, and exceptional visibility in the heart of a rapidly expanding neighborhood.

• Legalized Loft Buildings –
Both properties are registered, legalized loft buildings—an increasingly rare designation in Brooklyn—providing long-term regulatory clarity, stabilized tenancy structures, and enhanced value compared to unregulated or interim-converted loft assets.

• Strong In-Place Income + Clear Upside –
Currently generating a 6.0% cap rate with a 12% expense ratio, the asset produces highly efficient cash flow. Two Fair Market units and both commercial spaces offer short-term re-leasing or mark-to-market potential, driving NOI growth with limited operational risk.

• Delivered with Both Commercial Units Vacant –
An opportunity to curate high-performing retail or creative tenants along one of the most active stretches of Manhattan Avenue. Retail demand in this pocket remains strong, with new leases regularly achieving $90–$120 per square foot, providing immediate upside.

• Located in the Core of Greenpoint’s Northern Waterfront Transformation –
The properties benefit from proximity to some of Brooklyn’s most impactful developments—including Greenpoint Landing, The Huron, Monitor Point, and major waterfront master plans bringing thousands of new units, public space, and retail to the neighborhood. This influx continues to strengthen residential demand, retail traffic, and long-term asset value. At the center of a sweeping neighborhood transformation driven by the large-scale development of over 1000+ units.

• Surrounded by Vibrant Retail, Dining & Cultural Venues –
Nestled among acclaimed restaurants, cafés, boutiques, creative studios, and production facilities that activate Manhattan Avenue throughout the year. The portfolio sits at the center of a thriving mixed-use ecosystem driven by local, creative, and experiential concepts.

• Exceptional Transit & Connectivity –
Just minutes from the Greenpoint Avenue G train, East River Ferry, the Pulaski Bridge, Citi Bike stations, and direct routes to Williamsburg, LIC, and Midtown Manhattan—ensuring strong accessibility for residents, businesses, and retail customers.