Description
We are proud to present 177 Java Street in the heart of Greenpoint. 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 rental 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.
Property Details
- Multi Family
Amenities
- Cooling: Other
- View: Other
- Smoke Free
- Pets: Building Yes, No
The Neighborhood
Greenpoint is a cozy, slow-moving neighborhood in the northernmost corner of Brooklyn.
While hipness is all but impossible to avoid in northern Brooklyn, Greenpoint’s attitude is a bit more laidback than its neighbors. It is also easily one of the most beautiful areas in Brooklyn. The stunning waterfront views and historic buildings suggest an atmosphere that is comparable to low-key Brooklyn Heights. But dig a little a deeper, and you’ll discover a truly unique nei ... read more
For information on 177 JAVA Street, # contact:
Founder, Principal Broker
212-388-1115
Founder, Principal Broker
listings@lohorealty.com
212-388-1115
