Buy with Yoreevo
$3,782,625
List Price: $3,850,000
Share Listing
Save Listing
29 Greenpoint Avenue
Townhouse in Greenpoint •  building info
5bd • 3ba • 3,620ft² $1,064 per ft²
Buy with Yoreevo

$3,782,625

List Price

$3,850,000

Key Details
Days on market
23
Last price change
loading...
Estimated payment
$21,541/mo
Taxes
$767/mo
Maintenance
N/A
Description
Welcome to 29 Greenpoint Avenue, a boutique mixed-use property located in the heart of Greenpoint, one of the strongest long-term appreciation corridors in New York City. Positioned steps from Transmitter Park, the NYC Ferry, and the multi-billion-dollar Greenpoint Landing redevelopment, the property is surrounded by thousands of newly developed and planned residential units and continued large-scale investment throughout the neighborhood. The property is fully occupied and consists of a long-term retail tenant occupying the ground floor and cellar, along with two floor-through residential apartments above. Current in-place income exceeds $250k annually with projected upside to approximately $300k based on market rents. The retail lease includes annual rent escalations and extends through 2033 with a renewal option, while the residential units are fully free-market and exempt from New Yorks Good Cause Eviction framework, offering immediate near-term rental upside. Existing rents remain below nearby market levels, with area residential walk-up product achieving approximately $90/SF and nearby retail rents approaching or exceeding $100/SF in prime Greenpoint locations. The property also benefits from Protected Tax Class 1 status with real estate taxes of only approximately $9,201 annually. In addition to stable cash flow and future rental growth, the property also offers meaningful long-term expansion and redevelopment potential. The site currently contains approximately 2,230 additional buildable square feet as-of-right, or up to approximately 3,223 buildable square feet under the current UAP zoning framework, creating a rare opportunity to combine durable in-place income with future development optionality in one of Brooklyns most rapidly appreciating neighborhoods.

Hide full description

Building info

History
What it'll cost
Purchase price
$3,850,000
Asking Price: $3,850,000
Term
30 Years
Down Payment
$385,000 (10%)
Min: 10% (385,000)
Rate
6.0 %
Mortgage Amount
$3,465,000
Mortgage Payment
$20,774
Taxes
$767
Estimated Yoreevo rebate
$67,375
Estimated closing cost
$147,000
Total monthly cost $21,541
Buy your dream home with us and get an estimated $67,375 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Compass

IDX information is provided exclusively for consumers' personal, noncommercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 REBNY listing service, Inc all rights reserved.

RLS IDX Data display by Yoreevo.