Eight-Unit Apartment
For Sale
$2,250,000
103 Greenpoint Avenue, Brooklyn, NY 11222
Four-story residential property with a mix of one- and two-bedroom apartments in Greenpoint.
Property Size6,500 SF
Price / SF$346.15
Days on Market55
Property Features for 103 Greenpoint Avenue
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Commercial
Zoning
R6A
Units
Unit Mix
3 x 1BR, 5 x 2BR
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$18,263
Building Details
Building Size
6,500 SF
Year Built
1928
Buildings
1
Stories
4
Units
8
Listing Agency:
Exit Realty Achieve
(631) 543-2009
Listed By:
Violeta Y. Castillo CBR
(347) 553-4760
Source:
Clairedleone
Added: Sep 1
Changed: Oct 23
Last Checked: Oct 23 at 8:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Achieve
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Investment Insights
Based on property information with market context.
This four-story apartment building contains eight residential units, with a total of 6,500 square feet. The unit mix includes three one-bedroom apartments and five two-bedroom apartments, totaling 13 bedrooms and 29 rooms. Built in 1928, the property is zoned R6A.
The building is located at 103 Greenpoint Avenue in Brooklyn, on a tree-lined residential block. Manhattan Avenue, Franklin Street, and Greenpoint Avenue are nearby commercial corridors. McCarren Park and McGolrick Park are also in the surrounding area.
The building is located at 103 Greenpoint Avenue in Brooklyn, on a tree-lined residential block. Manhattan Avenue, Franklin Street, and Greenpoint Avenue are nearby commercial corridors. McCarren Park and McGolrick Park are also in the surrounding area.
Key Highlights
- Eight apartments: three one‑bedroom units and five two‑bedroom units
- 6,500 square feet across a four‑story building
- 29 rooms and 13 bedrooms in total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,438
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,968,760
$4.0M
Cap Rate 7%
$2,834,829
$2.8M
Cap Rate 9%
$2,204,867
$2.2M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$368.2K $56.64/SF
− Vacancy
−$7.4K −$1.13/SF
EGI
$360.8K $55.51/SF
− OpEx
−$162.4K −$24.98/SF
NOI
$198.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,968,760
Cap Rate 7%
$2,834,829
Cap Rate 9%
$2,204,867
Alternative Uses
Best Use
Apartment 5plus
$2.83M
$2.48M – $3.31M
NOI $198,438 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.38M
$4.71M – $6.28M
NOI $376,740 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,550
Businesses Nearby
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story residential property with a mix of one- and two-bedroom apartments in Greenpoint.
Where is this apartment building located?
The property is located at 103 Greenpoint Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Eight apartments: three one‑bedroom units and five two‑bedroom units; 6,500 square feet across a four‑story building; 29 rooms and 13 bedrooms in total
