1021 Manhattan Ave, Brooklyn, NY 11222

This prime Greenpoint, Brooklyn mixed-use property offers a compelling investment opportunity. Located on Manhattan Avenue, this 5,500 square foot, seven-unit apartment building boasts a current NOI of $233,784 and a 6.49% cap rate. The asking price is $3,600,000, translating to $654.55 per square foot. Currently operating at 75% occupancy, with three units potentially vacant at closing, this presents a chance to increase revenue. The building, last renovated in 2015 (including electrical upgrades), sits in an R-7A zone with a C2-4 commercial overlay, allowing for an additional 2,005 square feet of buildable space (verification with an architect is recommended). This property is situated in a Qualified Opportunity Zone, offering significant tax advantages. This is a rare chance to acquire a stabilized, income-producing asset in a rapidly developing neighborhood.