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31366066
31366072

177 Java St, Brooklyn, NY 11222

MZ
NY 40ZA0907649, NY 40ZA0907649
The Agency NYC Real Estate
Listed by The Agency NYC Real Estate
$3,350,000
72 days on market
Updated 72 days ago

Greenpoint Gem

Details
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 6.00%
Class A

3 Full Floor units! Large yard! 25 x 100 lot

Marketing description

Rare opportunity to acquire a 25-foot-wide, three-unit property in prime Greenpoint with strong income and value-add potential. Located on a desirable tree-lined street just off Manhattan Avenue, the building is one block from the G train and two blocks from the Greenpoint waterfront, offering excellent tenant appeal and long-term appreciation.

The property consists of three residential units: a two bedroom on the first floor, and two three bedroom units on the upper floors—well-suited for maximizing rental income in today’s work-from-home environment. A fully finished basement includes laundry and additional space for storage, recreation, or potential ancillary use.

Built on a 25 x 100 ft lot, the property features approximately 3,000 sq ft of existing FAR with an additional 2,000 sq ft of buildable FAR, providing a clear pathway for expansion and increased returns.

This is a turnkey opportunity for investors to set market rents, reposition, or develop further. great rental income, condo conversion, or long-term hold in one of Brooklyn’s most consistently performing submarkets

Investment highlights

25 x 100 lot

Renovated and Fully Leased with great Tenants

All leases expire 6/30/26

Listing Contacts

MZ
NY 40ZA0907649, NY 40ZA0907649
The Agency NYC Real Estate
Listed by The Agency NYC Real Estate

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Additional Information

Name
michael zaccaria
License
40ZA0907649
Brokerage
The Agency
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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