Prime Greenpoint Investment Opportunity – Mixed-Use Building on Manhattan Avenue An exceptional opportunity to acquire a well-positioned, mixed-use asset in the heart of Greenpoint, Brooklyn on Manhattan Avenue, the neighborhood’s primary commercial corridor. Property Overview: Total Units: 16 Residential + 2 Retail Residential Breakdown: 7 Rent-Stabilized (2 vacant) Retail Tenants: Mattress Firm and a Wine & Liquor Store (grandfathered use) Total Gross Income: $900,991.63 NOI: $550,563.56 Pro Forma: $734,536.24 This property offers tremendous upside potential, as only a handful of residential units have been renovated. The previous ownership has consistently renewed leases at below-market rents, creating a significant value-add opportunity for the next investor. Key Investment Highlights: ? Stable Cash Flow with Retail Anchors – Long-term tenants, including a national credit retailer and an established liquor store. ? Below-Market Residential Rents – Significant potential to increase income through apartment renovations and unit turnover. ? Vacant Rent-Stabilized Units – Ability to capture immediate upside by leasing at updated rental thresholds. ? Prime Location – Situated in one of Brooklyn’s most sought-after neighborhoods, with heavy foot traffic and excellent access to transit. With strong in-place income and long-term growth potential, this is an ideal opportunity for an investor seeking a high-performing mixed-use asset with immediate and long-term upside. For pricing and further details, please contact us directly.