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Renovated Five-Unit Apartment Building
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183 Green Street, Brooklyn, NY 11222

Fully renovated multifamily property with free-market apartments, updated systems, private outdoor space, and a varied residential unit mix.

Property Size4,750 SF
Price / SF$1,178
Days on Market5

Property Features for 183 Green Street

General Information

Standard status Active
Size 4,750 SF
Property subtype Multifamily
Net Operating Income $310,974

Financials

Asking Price $5,600,000
Gross Income $351,900

Additional Details

Multifamily Units 5
Listing Agency: William Green Real Estate
Listed By: Michal Kuras · License #NY 10351209048
Source: Crexi
Added: Sep 14 Changed: Sep 16 Last Checked: Sep 16 at 1:40PM

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 William Green Real Estate

Investment Insights

Based on property information with market context.

This fully renovated apartment building contains five free-market residences across approximately 3,750 SF above grade and an additional approximately 1,000 SF of finished lower-level space. The configuration includes a four-bedroom, three-bath duplex with its own entrance and landscaped garden, two two-bedroom apartments, and two one-bedroom apartments. The duplex also includes a recreation area, laundry room, storage, and outdoor entertaining space.

Property improvements include contemporary kitchens and appliances, in-unit washer/dryers, hardwood flooring, high ceilings, reclaimed exposed beams, original architectural elements, and updated building systems. The 25’ × 100’ lot is located on Green Street in Greenpoint, near Manhattan Avenue, the G train, the Greenpoint waterfront and ferry, plus neighborhood restaurants, cafés, shopping, and nightlife.

Key Highlights

  • Five residential units, all 100% free market
  • Approximately 3,750 SF above grade plus approximately 1,000 SF of finished lower‑level space
  • Unit mix includes a 4‑bedroom / 3‑bath duplex, two 2‑bedroom apartments, and two 1‑bedroom apartments

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Mobile Phone Store Clothing & Fashion Store Adult Day Care

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

4,350
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 - Fully renovated multifamily property with free-market apartments, updated systems, private outdoor space, and a varied residential unit mix.
Where is this apartment building located?
The property is located at 183 Green Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Five residential units, all 100% free market; Approximately 3,750 SF above grade plus approximately 1,000 SF of finished lower‑level space; Unit mix includes a 4‑bedroom / 3‑bath duplex, two 2‑bedroom apartments, and two 1‑bedroom apartments
More about this property
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