94 Greenpoint Ave
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94 Greenpoint Ave
8 Unit Apartment Building $10,773,375 CAD ($1,346,672 CAD/Unit) 5.81% Cap Rate Brooklyn, NY 11222
Executive Summary
Prime 7,333 SF Residential Building in Greenpoint
Located in the heart of Greenpoint, between Franklin St and Manhattan Ave, this exceptional 7,333 square foot residential building is a prime investment opportunity. Completed in 2016, the new construction building boasts a certificate of occupancy and offers unparalleled luxury and craftsmanship.
Building Features:
- 8 Units: Each unit is thoughtfully designed, featuring premium appliances, beautiful hardwood floors, and exquisite woodwork. Some units are set up as duplexes, providing spacious living areas.
- Private Gardens & Roof Terraces: Ground-floor units include private gardens, while the penthouse units offer private roof terraces with stunning Manhattan views.High-Quality Construction: This brick construction building is built like a tank, with imported doors and meticulous attention to detail, ensuring durability and elegance.
- Landmark Block: Situated on a landmark block, this building combines historical charm with modern luxury.
Investment Potential:
- Condo Conversion Possibility: The building offers the potential for condo conversion, allowing for flexible ownership and investment strategies.
- Retail conversion of the ground floor. Greenpoint Ave generates north of $100 per sq. ft. for retail spaces
- Versatile Usage: Whether you choose to take one or more units as an owner and collect rent from the remaining units or hold the entire building strictly as an investment, the options are endless.
Don't miss out on this rare opportunity to own a top-notch new construction building in one of Brooklyn's most desirable neighborhoods.
Located in the heart of Greenpoint, between Franklin St and Manhattan Ave, this exceptional 7,333 square foot residential building is a prime investment opportunity. Completed in 2016, the new construction building boasts a certificate of occupancy and offers unparalleled luxury and craftsmanship.
Building Features:
- 8 Units: Each unit is thoughtfully designed, featuring premium appliances, beautiful hardwood floors, and exquisite woodwork. Some units are set up as duplexes, providing spacious living areas.
- Private Gardens & Roof Terraces: Ground-floor units include private gardens, while the penthouse units offer private roof terraces with stunning Manhattan views.High-Quality Construction: This brick construction building is built like a tank, with imported doors and meticulous attention to detail, ensuring durability and elegance.
- Landmark Block: Situated on a landmark block, this building combines historical charm with modern luxury.
Investment Potential:
- Condo Conversion Possibility: The building offers the potential for condo conversion, allowing for flexible ownership and investment strategies.
- Retail conversion of the ground floor. Greenpoint Ave generates north of $100 per sq. ft. for retail spaces
- Versatile Usage: Whether you choose to take one or more units as an owner and collect rent from the remaining units or hold the entire building strictly as an investment, the options are endless.
Don't miss out on this rare opportunity to own a top-notch new construction building in one of Brooklyn's most desirable neighborhoods.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $10,773,375 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,346,672 CAD | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.81% | Lot Size | 0.05 AC |
| Gross Rent Multiplier | 12.5 | Building Size | 7,333 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2014 |
| Price | $10,773,375 CAD |
| Price Per Unit | $1,346,672 CAD |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Gross Rent Multiplier | 12.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 7,333 SF |
| No. Stories | 4 |
| Year Built | 2014 |
Unit Amenities
- Balcony
- Microwave
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Garden
- Patio
- Porch
- Window Coverings
Site Amenities
- Roof Terrace
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 02563-0009 | Total Assessment | $3,201,584 CAD |
| Land Assessment | $76,843 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,124,741 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02563-0009
Land Assessment
$76,843 CAD
Improvements Assessment
$3,124,741 CAD
Total Assessment
$3,201,584 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Michal Kuras
94 Greenpoint Ave
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