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977 Manhattan Ave., Brooklyn, NY 11222

Active Listing
Listing Details:
$10,750,000 Price
Multi-Family Townhouse Property Type
Greenpoint Neighborhood
-- Beds
0 Baths
14,300 Approx. Sq. Ft.
$371 RET
Key Features:
Unit Garden

977 Manhattan Avenue is a newly constructed investment property comprised of 14 spacious one-bedroom apartments and two-thousand (2,000) square feet of prime commercial space. The property is ideally located in Greenpoint, Brooklyn, which has been on the forefront of growth and expansion for the last couple of years. The building is recognized as a Green Certified building by the City of New York; thoughtfully designed with modern and durable finishes and encompasses energy efficient features that benefit the owner and residents alike. Features include solar panels, bike room, central air and heat, laundry facilities in the cellar, video intercoms, in-ceiling speakers, storage, and outdoor space for most units. 95% complete with a projected cap rate of 4.6%. Please inquire for full set up.

A true waterfront neighborhood, Greenpoint has everything an area needs to keep growing, appreciating in value, and attracting new residents.

Larger than one thinks, Greenpoint is actually three or four different neighborhoods, all of which have distinct differences and commonalities. Near McCarren Park, the young professional quotient runs high. So do the new restaurants, outdoor cafes, and bars. Closer to the water, new developments take over. But so does chic retail. All along Franklin St., eateries draw artists, writers, and musicians as well as many of the architects and graphic designers who call Greenpoint home.

High-tech companies are coming to the waterfront, purchasing or renting former industrial warehouses for their New York or global headquarters. The ferry shuttles residents back and forth from Manhattan and up and down the East River.

Manhattan Avenue is retail strip reminiscent of Sixth Avenue from 30 years ago. Mom and pop shops line up next to boutiques and beauty parlors next to butchers with Polish sausages hanging from the ceilings, indicative of the neighborhood's ethnic past. Peter Pan Donuts sells the top-rated cream donut in the city in an old-fashioned coffee shop with curved countertops.

Quiet streets off and around Monsignor McGolrick Park define the neighborhood's northern edge. Mansions, tall structures with eagles and other figurines, mark the structures, all of which have large stairwells leading up to the front door and outdoor terraces. Smart investors or people looking to make a life in a strong neighborhood are always looking in Greenpoint.

Listing courtesy of Douglas Elliman Real Estate

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