Listing courtesy of Corcoran Group
212 Franklin Street, Brooklyn, (Greenpoint), NY, 11222
7 rooms
1931
Welcome to 212 Franklin Street, one of the most distinctive properties in Greenpoint , Brooklyn.
This 25-foot-wide, brick fa ade, metal-framed mixed-use townhouse was completely rebuilt in 2014 to seamlessly blend high design with modern functionality, making it an ideal opportunity for both end-users and savvy investors.
The property is configured as a two-unit residence over store, featuring a full-floor two-bedroom, one-bath apartment with private outdoor space, a spacious 3.5-bedroom, two-bath penthouse with a rooftop terrace, and a ground-floor retail space that includes a private yard and a finished lower level. This thoughtful layout offers exceptional income potential while providing the flexibility to occupy part or all of the residential section. Whether maintained as a high-performing investment or converted into a luxurious single-family home, the design and scale of 212 Franklin rival the finest townhouses on the market.
With its versatile usage, elevated finishes, and impressive earning potential, this property is ready to deliver both high yield and refined living.
Currently generating a strong income stream, 212 Franklin boasts a cap rate of 5.29%, with a projected cap rate that can easily grow to 6.2%, making it a high-income investment opportunity in one of Brooklyn's most desirable neighborhoods.
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Status:
Active
Town:
Brooklyn
Type:
Commercial
Laundry Remarks:
Other
Zoning:
R6B
Building Type:
Townhouse
Cooling:
Central
Levels:
3
Terrace:
Yes
Building Access:
Walk-up
Service Level:
Voice Intercom
Built Size:
25'x40'
OLR #:
RLS20024453
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