Kaabo si 29 Greenpoint Avenue, ile iṣẹ ibi ti o wa ni ọkan inu Greenpoint, ọkan ninu awọn ọna ipolowo ti o lagbara julọ ni ilu New York. O wa ni igbesẹ lati Transmitter Park, Ferry NYC, ati imuduro Greenpoint Landing to jẹ milliard kan, ile naa ni a yika nipasẹ ẹgbẹẹgbẹrun awọn ile olugbe tuntun ati awọn eto ti a gbero, pẹlu idoko-owo nla ti o tẹsiwaju ni agbegbe naa.

Ile naa ti kun patapata ati pe o ni olugbe onijaja igba pipẹ ti o gba ilẹ ti ilẹ ati igbagbọ, pọ pẹlu awọn ile iyẹwu mẹta lori oke. Iye owo ti o wa nibi lọwọlọwọ jẹ $250k ni ọdun kan pẹlu iwoye owo ti o pọ si si to $300k da lori awọn owo ile ọja. Adehun onijaja naa ni awọn afikun owó ọdún mẹta ati pe o gbooro si ọdun 2033 pẹlu aṣayan atunto, nigba ti awọn agbegbe ibugbe jẹ gbogbo ọja ọfẹ ati ti ni idasilẹ lati ilana ifọwọsi iyalẹnu ti New York, nfunni ni anfani iyara ni ọjọ iwaju fun gbigba iyalo. Awọn owó ti o wa nibi wa labẹ ipele ọja agbegbe, pẹlu awọn ọja ibugbe ti o n gun soke n gba to $90/SF ati awọn owó onijaja nitosi n sunmọ tabi kọja $100/SF ni awọn ipo pataki Greenpoint. Ile naa tun ni anfani lati ipo Kilasi Owo I ti a daabobo pẹlu awọn owó ohun-ini ti o jẹ to $9,201 ni ọdun kan.

Ni afikun si ṣiṣan owo ti o ni iduroṣinṣin ati idagbasoke iyalo ni ọjọ iwaju, ile naa tun nfunni ni agbara itankalẹ to ṣe pataki nigbati o ba de itankalẹ ati imuduro. Aaye naa lọwọlọwọ ni awọn ẹsẹ onigbọwọ 2,230 afikun ti a le kọ bi-of-right, tabi to 3,223 ẹsẹ onigbọwọ labẹ ilana zonin UAP lọwọlọwọ, n ṣẹda anfani pataki lati dapọ owo ti o wa nibi pẹlu awọn aṣayan idagbasoke ni ọkan ninu awọn agbegbe ti Brooklyn ti o n yipada ni kiakia.

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.