93-95 India Street, Brooklyn, NY 11222
Well-improved 20-unit building with multiple duplex and roof-deck layouts and 12 fully gut-renovated apartments.
- Added:
- Jun 5, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 20 at 3:47 am
Property Features for 93-95 India Street
General Information
- Standard status
- Active
- Size
- 17,600 SF
- Property subtype
- Multifamily
Listing agent Derek Bestreich License #10991237362
Listing office IPRG Investment Property Realty Group
Listing date Jun 5, 2026
Source Crexi
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 IPRG Investment Property Realty Group
HighLights
- 20‑unit apartment building located in Greenpoint between Franklin Street and Manhattan Avenue
- Building size 50 ft. x 88 ft. on a 50 ft. x 100 ft. lot
- Common areas plus 12 of 20 apartments fully gut renovated
- Unit mix includes two ground‑floor duplex apartments and three top‑floor units with private, fenced roof decks
- One ground‑floor unit has exclusive backyard access via a private internal door and deck
- Real estate taxes are allocated at approximately 29% of gross revenue, creating a predictable expense profile
Overview
The building is positioned in the heart of Greenpoint, located between Franklin Street and Manhattan Avenue. This mid-sized multifamily property is presented as an income-focused asset with a material portion already operating on free-market rents, reaching 60% free market by unit count and 85% free market by revenue.
For buyers seeking a largely repositioned apartment building with continued leasing flexibility, the mix of renovated interiors and varied unit designs can support tenant appeal across different household needs. The offering also notes a predictable expense profile, with real estate taxes fully allocated at approximately 29% of gross revenue, which may help streamline operating budgeting. Remaining non-renovated units provide additional scope for an operator’s ongoing property management and unit-by-unit approach.
Local Financial Insights For Apartment 5plus
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 | $996.9k | $56.64 |
| − Vacancy | −$19.9k | −$1.13 |
| EGI | $976.9k | $55.51 |
| − OpEx | −$439.6k | −$24.98 |
| NOI | $537.3k | $30.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.956367
- Latitude
- 40.732209
