Corner Mixed-Use
For Sale
Contact for pricing
194 Greenpoint Avenue, Brooklyn, NY 11222
Mixed-use property for sale at a prominent corner in Greenpoint, noted for visibility and public transportation access.
Property Size3,377 SF
Price / SF$1,169
Days on Market124
Property Features for 194 Greenpoint Avenue
General Information
Standard status
Active
Size
3,377 SF
Property subtype
Retail, Multifamily
Zoning
R-6
Net Operating Income
$268,600
Building Details
Year Built
2025
Buildings
1
Units
3
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Mike Salvatico · License #10301216098
(718) 475-4358
Source:
Crexi
Added: Jul 1
Changed: Oct 26
Last Checked: Nov 1 at 4:31AM
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 Marcus & Millichap - Manhattan
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Investment Insights
Based on property information with market context.
194 Greenpoint Avenue is a mixed-use property offered for sale with a prominent corner presence at the intersection of Greenpoint Avenue and Manhattan Avenue in the heart of Greenpoint. The offering is positioned within an area described as surrounded by significant residential and commercial development.
The property is presented as benefiting from strong visibility and exceptional access to public transportation, supporting its day-to-day commercial practicality. Additional context in the remarks highlights the property’s current income profile and the potential for long-term appreciation within a supply-constrained market.
The asset is located at 194 Greenpoint Avenue, Brookly, NY 11222.
The property is presented as benefiting from strong visibility and exceptional access to public transportation, supporting its day-to-day commercial practicality. Additional context in the remarks highlights the property’s current income profile and the potential for long-term appreciation within a supply-constrained market.
The asset is located at 194 Greenpoint Avenue, Brookly, NY 11222.
Key Highlights
- Year built 2025
- Mixed‑use asset at the corner of Greenpoint Avenue and Manhattan Avenue in Greenpoint
- Prominent corner location with visibility and strong neighborhood fundamentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,943
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,238,860
$3.2M
Cap Rate 7%
$2,313,471
$2.3M
Cap Rate 9%
$1,799,367
$1.8M
Market Conditions
NOI Build-Up for 3,377 SF
Gross rent
$262.6K $77.76/SF
− Vacancy
−$31.2K −$9.25/SF
EGI
$231.3K $68.51/SF
− OpEx
−$69.4K −$20.55/SF
NOI
$161.9K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,238,860
Cap Rate 7%
$2,313,471
Cap Rate 9%
$1,799,367
Alternative Uses
Best Use
Retail
$2.31M
$2.02M – $2.70M
NOI $161,943 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,096 @ 7.0% cap · market cap 2.61%
Theoretical Best
Specialty Retail
$2.80M
$2.45M – $3.26M
NOI $195,731 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,216
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Mixed-use property for sale at a prominent corner in Greenpoint, noted for visibility and public transportation access.
Where is this multifamily property located?
The property is located at 194 Greenpoint Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Year built 2025; Mixed‑use asset at the corner of Greenpoint Avenue and Manhattan Avenue in Greenpoint; Prominent corner location with visibility and strong neighborhood fundamentals
