Nnọọ na 29 Greenpoint Avenue, ọ bụ ụlọ ọrụ ọhụrụ nwere ọtụtụ ọrụ dị na etiti Greenpoint, otu n'ime corridors nke na-enwe ọtụtụ uru ogologo oge na New York City. Ebe etiti sitere na Transmitter Park, NYC Ferry, na mmeghari ugwo Greenpoint Landing nke bụ ijeri dollar, ụlọ ahụ gbara gburugburu na mpaghara pụtara ìhè nke ndị bi na ya ọhụrụ na atụmatụ ụlọ obibi na mmefu nnukwu ego n'ala.

Ulo ahụ juputara nke ọma ma dị na onye na-ere ahịa na-anọ na ala na nkwụnye ala, tinyere ọdịda abụọ nke ndị bi na ya na elu. Uru dị ugbu a nke dị na ebe ahụ na-abawanye karịa $250k kwa afọ na-atụ anya ịgacha ihe karịrị $300k dabeere na ohere ahịa. Nkwekọrịta ahịa ahụ gụnyere elu ụgwọ kwa afọ ma na-aga ruo 2033 na nhọrọ ịkwụsị, ebe ụlọ obibi ahụ bụ ahịa na-enweghị oke ma nweghị inyeghị New York's Good Cause Eviction framework, na-enye ohere maka mbuli ụgwọ ngwa ngwa n'oge dị nso. Ego ụlọ ugbu a ka nọ n'okpuru ọkwa ahịa dị nso, ebe ngwaahịa ụlọ obibi na mpaghara na-enweta ihe dị ka $90/SF na ụgwọ ahịa dị nso na-enweta ma ọ bụ gafere $100/SF na ebe kacha mma nke Greenpoint. Ulo ahụ nwere uru si na Protected Tax Class 1 na ọkwa ụgwọ nchekwa kwa afọ nke ihe dị ka $9,201.

Na mgbakwunye na ịrụ ọrụ nke ọma na mmepe ụgwọ n'ọdịnihu, ụlọ ahụ na-enyekwa ohere kachasị mkpa maka nkwụnye na mmeghari ọhụrụ ogologo oge. Ụlọ ahụ nwere ihe dị ka 2,230 nke afọ nke ọzọ nwere ike ịwụnye dịka nke ziri ezi, ma ọ bụ ruo ihe dị ka 3,223 square feet nwere ike ịwụnye n'okpuru usoro UAP dị ugbu a, na-edepụta ohere pụrụ iche inwe ọtụtụ ego na-adịgide adịgide na ọdịnihu mmepe na otu n'ime ebe ndị Brooklyn na-aba ụba ngwa ngwa.

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.