Multifamily Building w/ 25 x 100 Vacant Lot For Sale

Overview

The property at 83-85 Eagle Street is now offered for sale. The property is located on Eagle Street between Manhattan Avenue and Franklin Street in the Greenpoint neighborhood of Brooklyn. The package consists of a 6 unit rent stabilized building and a 25 ft x 100 ft adjacent lot which allows for 6,550 BSF. There is currently a 2 unit free market building that is locked directly behind the six unit that would need to be torn down to take advantage of the full air rights. The 6 unit front building is currently fully occupied and the 2 unit back building will be delivered vacant. Currently, the property has an actual income of over $8,550/month, also the vacant lot is currently rented for $1,500/month for a total monthly income of approximately $10,050. The property is conveniently located just blocks from the G subway line on Manhattan Avenue at the Greenpoint Avenue subway station, and the new Water Taxi service from Greenpoint to Manhattan just a few blocks away.