Buy with Yoreevo
$10,642,500
List price: $10,750,000
Share this Listing
Save this Listing
977 Manhattan Avenue
Townhouse in Greenpoint • 
building info
studio • 14,300 ft 2
Buy with Yoreevo

$10,642,500

List price

$10,750,000

Tour this home • it's free, with no obligation!
Friday
30
Jul
Saturday
31
Jul
Sunday
1
Aug
Monday
2
Aug
Tuesday
3
Aug
Wednesday
4
Aug
Thursday
5
Aug
Friday
6
Aug
Saturday
7
Aug
Sunday
8
Aug
Monday
9
Aug
Tuesday
10
Aug
Wednesday
11
Aug
Ask a Question
Key Details
Days on market
62
Last price change
loading...
Estimated payment
$71,363
Taxes
$371
Monthly maintenance
N/A
Description
977 Manhattan Avenue is a newly constructed investment property comprised of 14 spacious one-bedroom apartments and two-thousand (2,000) square feet of prime commercial space. The property is ideally located in Greenpoint, Brooklyn, which has been on the forefront of growth and expansion for the last couple of years. The building is recognized as a Green Certified building by the City of New York; thoughtfully designed with modern and durable finishes and encompasses energy efficient features that benefit the owner and residents alike. Features include solar panels, bike room, central air and heat, laundry facilities in the cellar, video intercoms, in-ceiling speakers, storage, and outdoor space for most units. 95% complete with a projected cap rate of 4.6%. Please inquire for full set up. A true waterfront neighborhood, Greenpoint has everything an area needs to keep growing, appreciating in value, and attracting new residents. Larger than one thinks, Greenpoint is actually three or four different neighborhoods, all of which have distinct differences and commonalities. Near McCarren Park, the young professional quotient runs high. So do the new restaurants, outdoor cafes, and bars. Closer to the water, new developments take over. But so does chic retail. All along Franklin St., eateries draw artists, writers, and musicians as well as many of the architects and graphic designers who call Greenpoint home. High-tech companies are coming to the waterfront, purchasing or renting former industrial warehouses for their New York or global headquarters. The ferry shuttles residents back and forth from Manhattan and up and down the East River. Manhattan Avenue is retail strip reminiscent of Sixth Avenue from 30 years ago. Mom and pop shops line up next to boutiques and beauty parlors next to butchers with Polish sausages hanging from the ceilings, indicative of the neighborhood's ethnic past. Peter Pan Donuts sells the top-rated cream donut in the city in an old-fashioned coffee shop with curved countertops. Quiet streets off and around Monsignor McGolrick Park define the neighborhood's northern edge. Mansions, tall structures with eagles and other figurines, mark the structures, all of which have large stairwells leading up to the front door and outdoor terraces. Smart investors or people looking to make a life in a strong neighborhood are always looking in Greenpoint.

Read Less

Important Stuff
Important Stuff
Elevator
Amenities
History
What it'll cost
Purchase price
$10,750,000
Asking Price: $10,750,000
Term
30 Years
Down Payment
$1,075,000 (10%)
Min: 10% (1,075,000)
Rate
8.0 %
Mortgage Amount
$9,675,000
Mortgage Payment
$70,992
Taxes
$371
Estimated Yoreevo rebate
$107,500
Estimated closing cost
$592,000
Total monthly cost $71,363
Buy your dream home with us and get an estimated
$107,500 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Courtesy of Douglas Elliman

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. ©2021 REBNY listing service, Inc all rights reserved.

RLS IDX Data display by Yoreevo.

Similar listings