Restored Landmark Mixed-Use
For Sale
$11,000,000
114 Greenpoint Ave, Brooklyn, NY 11222
Luxury apartments and retail in prime Greenpoint location.
Days on Market98
Property Features for 114 Greenpoint Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1931
Listing Agency:
(646) 820-4377
Listed By:
Janine M. Losey
(646) 820-4377
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 8:19AM
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 Janine M. Losey
Investment Insights
Based on property information with market context.
Located in Greenpoint, Brooklyn, this fully restored Landmark Elevator building features 12 luxury residential apartments and 2 ground-floor retail storefronts. The property, originally two adjoining commercial buildings, underwent a complete renovation between 2012 and 2013, transforming it into a modern, energy-efficient mixed-use development. The residential component includes 2 duplex penthouses of approximately 1,200 square feet each, offering two bedrooms, two bathrooms, private terraces, and exclusive roof decks with NYC skyline views. There are also 10 one-bedroom apartments of approximately 750 square feet each, three of which include private terraces. All residences feature modern layouts, luxury finishes, private video intercom systems, and separate electric and gas metering. Building amenities include an elevator, a fitness room, bicycle storage, and a laundry room equipped with a card system. The property is secured with 24/7 indoor and outdoor video surveillance supported by off-site monitoring and utilizes high-efficiency LED lighting throughout all common areas. The building’s mechanical and energy systems are designed for maximum performance and minimal maintenance, including individual Navien condensing boilers installed in 2024 paired with a dedicated hot-water storage tank, a Mitsubishi stand-alone air-conditioning system, and a two-zone natural gas heating system with private thermostats. Additional infrastructure includes a constant-pressure, variable-speed domestic water system and a newly implemented building-wide lock system that provides remote lobby access and unique owner codes for mechanical rooms and on-site key storage. The commercial portion consists of 2 ground-floor retail storefronts that benefit from outdoor patio space and visibility along Greenpoint Avenue. These spaces are independently metered for gas, electric, and water, with long term 3% escalating leases through 2031 & 2033. The building is located on Greenpoint Avenue between Manhattan Avenue and Franklin Avenue, less than one block from the G train and close to major highways including the Long Island Expressway (I-495) and the Brooklyn-Queens Expressway (I-278).
Key Highlights
- Fully Restored Landmark Elevator Building: A unique, modernized property with historical significance.
- Strong Income Generation: $550k/year NOI with a 5% Cap Rate and 100% occupancy.
- Prime Greenpoint Location: Excellent visibility on Greenpoint Avenue, near the G train and major highways.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,048
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
$1,245,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Luxury apartments and retail in prime Greenpoint location.
Where is this mixed-use property located?
The property is located at 114 Greenpoint Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Fully Restored Landmark Elevator Building: A unique, modernized property with historical significance.; Strong Income Generation: $550k/year NOI with a 5% Cap Rate and 100% occupancy.; Prime Greenpoint Location: Excellent visibility on Greenpoint Avenue, near the G train and major highways.
