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Vacant Three-Family With Air Rights
For Sale
Contact for pricing
Pending

1194 Greene Ave, Brooklyn, NY 11221

Vacant three-family with I-Card conforming current use and approximately 1,068 SF of available air rights.

Days on Market113

Property Features for 1194 Greene Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Invictus Property Advisors
Listed By: Andrew Levine · License #NY 10491208655
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Jul 30 at 3:13PM

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 Invictus Property Advisors

Investment Insights

Based on property information with market context.

InviCTUS Property Advisors presents the sale of 1194 Greene Avenue, a vacant three-family located on Greene Avenue between Central Avenue and Evergreen Avenue. The building is approximately 20 feet wide and is currently configured as a three-family, supported by an I-Card that conforms with its present use.

The property also includes approximately 1,068 SF of available air rights, offering future ownership the ability to build a fourth-story penthouse. Future ownership is presented with the option to keep occupancy as-is and renovate using an alteration type-2, which is intended to limit downtime. The property is described as well maintained, with zero (0) DOB or ECB violations.

Key Highlights

  • Vacant three‑family on Greene Avenue between Central Avenue and Evergreen Avenue
  • Approximately 20' wide building with an additional 1,068 SF of available air rights
  • Air rights provide ability to build a fourth‑story penthouse

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Auto Parts Store Acupuncture Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,009
Businesses Nearby

Demographics for 11221, NY

89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Vacant three-family with I-Card conforming current use and approximately 1,068 SF of available air rights.
Where is this triplex located?
The property is located at 1194 Greene Ave Brooklyn, NY.
What are key features of this property?
This property features: Vacant three‑family on Greene Avenue between Central Avenue and Evergreen Avenue; Approximately 20' wide building with an additional 1,068 SF of available air rights; Air rights provide ability to build a fourth‑story penthouse
More about this property
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