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 Market30
Property Features for 194 Greenpoint Avenue
General Information
Standard status
Active
Size
3,377 SF
Property subtype
Retail, Multifamily
Building Details
Year Built
2025
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Mike Salvatico · License #10301216098
Source:
Crexi
Added: Jul 1
Changed: Jul 23
Last Checked: Jul 29 at 3:36PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $262.6k | $77.76 |
| − Vacancy | −$31.2k | −$9.25 |
| EGI | $231.3k | $68.51 |
| − OpEx | −$69.4k | −$20.55 |
| NOI | $161.9k | $47.95 |
3,377 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,196
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
