Building Details

Year Built 1928

Buildings 1

Units 7

Listing Agency: TRADEMARKO REALTY INC.

Listed By: Peter Nowik · License #10401329596 Show Phone

Source: Crexi

Added: Mar 25 Changed: Oct 7 Last Checked: Oct 19 at 5:06AM

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Investment Insights

Based on property information with market context.

This rent-stabilized six-family residential building includes a ground-floor store. The property is being delivered with one vacant apartment. The commercial storefront is subject to an existing lease that is scheduled to end soon.

The building is located in Greenpoint with a subway stop around the corner. It is also described as about two blocks to the waterfront and a nearby pier.

For buyers seeking a multi-family structure with on-site retail, the combination of rent-stabilized units and an expiring storefront lease provides a straightforward near-term operating timeline.

Key Highlights

• Rent‑stabilized six‑family building built in 1928
• Includes an on‑site store with a commercial lease that ends soon
• Delivered with one vacant apartment

Location Intelligence

Trade Area within ½ mile

4,887

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

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 - Rent-stabilized six-family building includes a store and is delivered with one vacant apartment and a near-term commercial lease rollover.

Where is this apartment building located?

The property is located at 954 Manhattan Avenue New York, NY.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: Rent‑stabilized six‑family building built in 1928; Includes an on‑site store with a commercial lease that ends soon; Delivered with one vacant apartment