List Search

158 Greenpoint Ave
Brooklyn, NY 11222

$7,995,000 USD

Loft Creative Space For Sale  •  9,850 SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 11,025 SF
  • Lot Size 0.1 AC
  • Building Class C
  • Year Built 1931
  • Cap Rate 5.38 %
  • Tenancy Multiple
  • Zoning C4-3A (R6A Equivalent)
77 Transit Score
99 Walk Score

Highlights

Long Term Credit Tenant in Place on Ground Floor – Citizens Bank (BBB+ Credit Rating)
Potential to reposition the upper floors as leases expire
Located directly in front of the G Train Subway Stop (Manhattan Avenue)
City of Yes allows for the conversion of the upper floors to residential using an FAR of 3.9 (UAP) for a total buildable of 14,332 SF with NO PARKING
Low Taxes - $63,713

Property Flyers

Financial Summary (Actual)

Net Operating Income: $430,038 USD (2024)
Cap Rate: 5.38 %
Total Expenses: $158,613 USD

Amenities

  • Bus Line
  • Commuter Rail
  • Metro/Subway

Public Transportation

Commuter RailDriveWalkDistance
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) 4 min - 1.3 mi
Long Island City Station (Hempstead Branch - Long Island Rail Road) 5 min - 1.5 mi
Transit/SubwayDriveWalkDistance
Greenpoint Avenue (G - New York MTA Subway (The Subway)) 0 min 1 min 0.1 mi
Nassau Avenue (G - New York MTA Subway (The Subway)) 1 min 8 min 0.4 mi
Vernon Boulevard-Jackson Avenue (7 - New York MTA Subway (The Subway)) 4 min 20 min 1.1 mi
Bedford Avenue (L - New York MTA Subway (The Subway)) 4 min 20 min 1.1 mi
AirportDriveWalkDistance
Laguardia 15 min - 6.7 mi
John F Kennedy International 23 min - 14.8 mi
Newark Liberty International 27 min - 17.5 mi
Anand Melwani 646-559-4700 Landair Property Advisors
Anand Melwani 646-559-4700 Landair Property Advisors