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Nine-Unit Apartment Buildings
For Sale
$2,200,000

163 GREENPOINT Ave, Brooklyn, NY 11222

Two-building residential property with rent-stabilized units and one vacant apartment in the front building.

Property Size1,200 SF
Lot Size0.06 Acres
Days on Market10

Property Features for 163 GREENPOINT Ave

General Information

Standard status Active
Size 1,200 SF
Lot size 0.06 Acres
Property subtype Multi Family
Zoning R6B and C2-4

Additional Details

Public Transit Yes
Multifamily Units 9

Taxes and HOA fees

Annual Taxes $13,152

Building Details

Building Size 1,200 SF
Year Built 1928
Buildings 2
Stories 3
Units 9
Listing Agency: Douglas Elliman Real Estate
Listed By: Zofia Marszalek · License #10301206918
Source: Elliman
Added: Sep 18 Changed: Sep 26 Last Checked: Sep 26 at 8:30AM

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 Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

This nine-unit apartment property includes two separate residential buildings on a 25-by-100-foot lot. The front structure contains six apartments and is attached on two sides, while the detached rear structure provides three additional units. All apartments are rent stabilized, and one unit in the front building is vacant. The property was built in 1928 and carries R6B and C2-4 zoning.

Transit and neighborhood amenities are close by. The G train is approximately half a block away, Manhattan Avenue is also half a block away, and the East River Ferry is four blocks from the property. Franklin Street is one block away, with additional access to shops, restaurants, cafés, and daily services in the surrounding area. The property is situated between Greenpoint and Williamsburg, with Long Island City and the East River nearby.

Key Highlights

  • Nine‑unit property with six units in the front building and three in the detached rear building
  • 25x 100 ft lot with two separate residential buildings
  • All units are rent stabilized; one front‑building unit is vacant

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Law Firm Pet Grooming Service Adult Day Care Home Appliance Store

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

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

4,887
Businesses Nearby

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

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

What type of property is this?
Apartment building - Two-building residential property with rent-stabilized units and one vacant apartment in the front building.
Where is this apartment building located?
The property is located at 163 GREENPOINT Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Nine‑unit property with six units in the front building and three in the detached rear building; 25x 100 ft lot with two separate residential buildings; All units are rent stabilized; one front‑building unit is vacant
More about this property
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