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20-Unit Apartment Building with Renovated Units

93-95 India Street Brooklyn, NY 11222

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Well-improved 20-unit building with multiple duplex and roof-deck layouts and 12 fully gut-renovated apartments.

Type:Multifamily
Property size:
17,600 SF
Price / SF:
$380.68/SF
Added:
Jun 16, 2026
Days on Market:
28
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 office IPRG Investment Property Realty Group

Listing date Jun 16, 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


Investment Insights

Based on property information with market context.

93–95 India Street is a 20-unit apartment building measuring approximately 50 ft. by 88 ft. on a 50 ft. by 100 ft. lot. The property has undergone significant capital improvements, including upgrades to common areas and the full gut renovation of 12 of the 20 apartments. Several homes offer distinctive layouts and outdoor space, including two ground-floor duplex apartments, a ground-floor unit with exclusive backyard access via a private internal door and deck, and three top-floor units with internal stair bulkheads leading to private, fenced roof decks.

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.

Key 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

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
17,600 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$7.68M
$6.72M – $8.96M (±1% cap)
NOI $537,310 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.57M
$12.75M – $17.00M (±1% cap)
NOI $1,020,096 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Nursing Home Nursing Home Accounting Firm Computer & Electronic Repair Pet Grooming Service Mobile Phone Store Daycare Center Adult Day Care Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Well-improved 20-unit building with multiple duplex and roof-deck layouts and 12 fully gut-renovated apartments.
Where is this apartment building located?
The property is located at 93-95 India Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: 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
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