Greenpoint's landmarked Mechanics and Traders Bank building was built in 1895 and turned co-op in 1984. The building has been noted as being architecturally significant for its ornate facade in the classically inspired Renaissance Revival style. The building itself is landmarked, and composed of large red brownstones, red brick and ornate terra cotta detailed accents. The third floor features huge arched windows and two oval lunette windows, with terra cotta spandrels and cornice.
Centrally located on the corner of Franklin Street and Greenpoint Avenue, the three-story building with a full height basement measures 80 x 24 feet. The ground floor is zoned for commercial use and the upper two floors are zoned for residential use. This property is a unique opportunity to purchase two units which comprise 50% of an existing cooperative with approximately 2,880 square feet plus an additional 900 square feet in the basement. This is perfect for anyone looking to purchase a mixed use property!
The first floor unit entrance is located on the Greenpoint Avenue side of the building and measures approximately 40 x 24. Zoned for commercial use, it features 15-foot ceilings, three large arched windows and a full height windowed basement. The second floor is currently configured as a 1,750 square foot three bedroom, one and half bathroom loft with two wood-burning fireplaces. Features include 11-foot ceilings, new hardwood floors throughout and newly renovated kitchen and bathrooms. The apartment boasts double exposures facing South and West with fourteen windows, each eight feet tall.
Both 1st floor and 2nd floor units are being sold together. The units can be delivered vacant and co-op approval is required for purchase. There is no financing available, and the property is being shown by private appointment only.