212 Franklin St Brooklyn, NY 11222
2-unit residence over store, ideal for investors/end-users.
Property Features for 212 Franklin St
General Information
- Standard status
- Active
Building Details
- Year built
- 1931
Source:
Corcoran
Listing Agency: Williamsburg Listing Agent: Chris Cavorti
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Greenpoint Mixed-Use Townhouse Opportunity
Located in Greenpoint, Brooklyn, 212 Franklin Street is a 25-foot-wide, brick facade, metal-framed mixed-use townhouse that was completely rebuilt in 2014. The property is configured as a two-unit residence over store, featuring a full-floor two-bedroom, one-bath apartment with private outdoor space, a spacious 3.5-bedroom, two-bath penthouse with a rooftop terrace, and a ground-floor retail space that includes a private yard and a finished lower level. This layout offers income potential and the flexibility to occupy part or all of the residential section. The design and scale of 212 Franklin rival the finest townhouses on the market. With its versatile usage, elevated finishes, and earning potential, this property is ready to deliver both high yield and refined living. The property is currently generating a strong income stream, boasting a cap rate of 5.29%, with a projected cap rate that can easily grow to 6.2% making it a high-income investment opportunity.
Location Intelligence
Current Use by Public Records
Order Design
Marketing & Advertising
Standards Manual
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.95783
- Latitude
- 40.732872
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 2-unit residence over store, ideal for investors/end-users.
Where is this mixed-use property located?
The property is located at 212 Franklin St Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: - High-income investment opportunity with a current 5.29% cap rate, projected to grow to 6.2%.; - Completely rebuilt in 2014, blending high design with modern functionality.; - Mixed-use property featuring a store and two residential units (two-bedroom and 3.5-bedroom penthouse).
