Multifamily Building w/ 25 x 100 Vacant Lot For Sale
83-85 Eagle Avenue
Greenpoint
Closed 05/17/2013 at
$2,000,000
Water Taxi
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718-768-6888
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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.
Attractions
Greenpoint is the northernmost neighborhood in the New York City borough of Brooklyn. It is bordered on the southwest by Williamsburg at the Bushwick inlet, on the southeast by the Brooklyn-Queens Expressway and East Williamsburg, on the north by Newtown Creek and Long Island City, Queens at the Pulaski Bridge, and on the west by the East River