Velkommen til 29 Greenpoint Avenue, en boutique ejendom med blandet anvendelse beliggende i hjertet af Greenpoint, en af de stærkeste langsigtede værdistigningskorridorer i New York City. Ejendommen ligger få skridt fra Transmitter Park, NYC Ferries og den milliardstore Greenpoint Landing ombygning, og den er omgivet af tusindvis af nyudviklede og planlagte boligenheder samt fortsatte store investeringer i nabolaget.

Ejendommen er fuldt udlejet og består af en langsigtet detaillejer, der lejer stueetagen og kælderen, samt to lejligheder i hele bygningen ovenfor. Den nuværende indkomst overstiger $250.000 årligt med et potentielt opsving til cirka $300.000 baseret på markedsleje. Detaillejekontrakten inkluderer årlige lejejusteringer og strækker sig indtil 2033 med en muligheder for fornyelse, mens de boliglejemålene er helt frie og undtaget fra New Yorks Good Cause Eviction-rammeværk, hvilket giver umiddelbar kortsigtet lejeopside. De eksisterende lejerestande ligger under de omkringliggende markedsniveauer, hvor boligenheder i området opnår cirka $90/SF, og de omkringliggende detaillejer nærmer sig eller overstiger $100/SF i prime Greenpoint-lokationer. Ejendommen nyder også godt af beskyttet skatteklasse 1-status med ejendomsskatter på kun cirka $9.201 årligt.

Udover stabil pengestrøm og fremtidig lejevækst tilbyder ejendommen også betydeligt langsigtet ekspansions- og ombygningspotentiale. Grunden indeholder i øjeblikket cirka 2.230 ekstra byggebare kvadratfod efter ret, eller op til cirka 3.223 byggebare kvadratfod under den nuværende UAP-zoningramme, hvilket skaber en sjælden mulighed for at kombinere holdbar indkomst med fremtidige udviklingsmuligheder i et af Brooklyns hurtigst voksende nabolag.

Welcome to 29 Greenpoint Avenue, a boutique mixed-use property located in the heart of Greenpoint, one of the strongest long-term appreciation corridors in New York City. Positioned steps from Transmitter Park, the NYC Ferry, and the multi-billion-dollar Greenpoint Landing redevelopment, the property is surrounded by thousands of newly developed and planned residential units and continued large-scale investment throughout the neighborhood.

The property is fully occupied and consists of a long-term retail tenant occupying the ground floor and cellar, along with two floor-through residential apartments above. Current in-place income exceeds $250k annually with projected upside to approximately $300k based on market rents. The retail lease includes annual rent escalations and extends through 2033 with a renewal option, while the residential units are fully free-market and exempt from New York’s Good Cause Eviction framework, offering immediate near-term rental upside. Existing rents remain below nearby market levels, with area residential walk-up product achieving approximately $90/SF and nearby retail rents approaching or exceeding $100/SF in prime Greenpoint locations. The property also benefits from Protected Tax Class 1 status with real estate taxes of only approximately $9,201 annually.

In addition to stable cash flow and future rental growth, the property also offers meaningful long-term expansion and redevelopment potential. The site currently contains approximately 2,230 additional buildable square feet as-of-right, or up to approximately 3,223 buildable square feet under the current UAP zoning framework, creating a rare opportunity to combine durable in-place income with future development optionality in one of Brooklyn’s most rapidly appreciating neighborhoods.