Maligayang pagdating sa 29 Greenpoint Avenue, isang boutique mixed-use na ari-arian na matatagpuan sa puso ng Greenpoint, isa sa mga pinakamalakas na koridong pagtaas ng halaga sa New York City. Matatagpuan sa ilang hakbang mula sa Transmitter Park, ang NYC Ferry, at ang multi-bilyong dolyar na redevelopment ng Greenpoint Landing, ang ari-arian ay napapalibutan ng libu-libong bagong nabuong at nakaplano na residential units at patuloy na malakihang pamumuhunan sa buong kapitbahayan.

Ang ari-arian ay ganap na okupado at binubuo ng isang pangmatagalang retail tenant na umuupa sa ground floor at cellar, kasama ang dalawang residential apartments sa itaas. Ang kasalukuyang kita ay lumalampas sa $250k taun-taon na may inaasahang pagtaas sa humigit-kumulang $300k batay sa mga presyo ng merkado. Kasama sa retail lease ang taunang pagtaas ng renta at umaabot hanggang 2033 na may opsyon sa renewal, habang ang mga residential unit ay ganap na free-market at hindi sakop ng Good Cause Eviction framework ng New York, na nag-aalok ng agarang inaasahang pagtaas sa renta. Ang mga umiiral na renta ay nananatiling mababa kumpara sa mga antas ng merkado sa paligid, kung saan ang mga residential walk-up product ay umaabot sa humigit-kumulang $90/SF at ang mga retail rent sa paligid ay umabot o lumampas sa $100/SF sa mga pangunahing lokasyon ng Greenpoint. Nakikinabang din ang ari-arian mula sa Protected Tax Class 1 status na may mga real estate tax na humigit-kumulang $9,201 taun-taon.

Bilang karagdagan sa matatag na cash flow at hinaharap na paglago ng renta, nag-aalok din ang ari-arian ng makabuluhang potensyal para sa pangmatagalang pagpapalawak at redevelopment. Ang site ay kasalukuyang naglalaman ng humigit-kumulang 2,230 karagdagang buildable square feet as-of-right, o hanggang humigit-kumulang 3,223 buildable square feet sa ilalim ng kasalukuyang UAP zoning framework, na lumikha ng isang bihirang pagkakataon na pagsamahin ang matibay na kita sa kasalukuyan kasama ang mga opsyon sa hinaharap sa isang mabilis na umuunlad na kapitbahayan sa Brooklyn.

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.