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    221 Nassau Ave Brooklyn, NY 11222

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    For Sale
    $3,400,000

    Mixed-use building in Greenpoint, Brooklyn, with repositioning opportunity.

    Lot size:
    0.05 Acres

    Property Features for 221 Nassau Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1919

    Source: Compass Agent Jeffrey L Valcourt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building Across McGolrick Park

    This semi-detached, mixed-use corner building features four residential apartments and one ground-floor commercial unit. The building, totaling nearly 4,800 sq. ft., is situated on a 25' x 85' lot directly across from the center north entrance to McGolrick Park. Its location offers convenient access to the Nassau Ave G train, local grocery stores, restaurants, coffee shops, Citibike stations, and nightlife. This property, zoned R6B, C2-4, benefits from protected tax class 2A and presents a repositioning opportunity in the Greenpoint neighborhood of Brooklyn. The property can be delivered vacant.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sunview Luncheonette Social Club Run a Luncheonette Camp Camp Brooklyn hookup Adult Entertainment Club

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.943178
    Latitude
    40.725938

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in Greenpoint, Brooklyn, with repositioning opportunity.
    Where is this mixed-use property located?
    The property is located at 221 Nassau Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - Prime Greenpoint Location: Situated directly across from McGolrick Park and near the Nassau Ave G train.; - Repositioning Opportunity: Offers excellent potential for renovation and value enhancement.; - Delivered Vacant: Provides immediate control and flexibility for new ownership.
    (917) 244-5321
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    221 Nassau Ave Brooklyn, NY 11222
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    Brooklyn, NY 11222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Nassau Ave Brooklyn, NY 11222
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