The Greenpoint Collection

Brooklyn, NY

View Offering Memorandum

Overview

Summary

  • 47 Franklin Street Asking Price $7,750,000
  • 108 Calyer Street Asking Price $6,495,000

Avison Young, as the exclusive agent, is pleased to offer for sale 47 Franklin Street & 108 Calyer Street (the “Properties”), two boutique luxury multifamily and mixed-use properties a few doors down from one another in the heart of Brooklyn’s trendiest and fastest growing neighborhood, Greenpoint.  

The Properties comprise twelve (12) residential units and one (1) ground-floor retail space across 12,645 square feet. Of the residential units, nine (9) are fair market and three (3) are rent stabilized. All of the free market units have been meticulously gut renovated to feature hardwood flooring, stainless steel appliances, marble countertops, renovated bathrooms, recessed lighting, and seven (7) of them feature in-unit washers-and-dryers. The retail space at 47 Franklin is leased to a renowned restaurant, Chez Ma Tante, on a long-term lease through January 2032.

Highlights

75% Fair Market

Meticulously Gut Renovated Units

Retail space is occupied by a renowned restaurant tenant on a long-term lease
Tax class protected

Proximity of the Properties allows for management efficiencies

Steps from the Waterfront with convenient access to the Nassau Avenue metro stop (G) and Greenpoint Ferry Landing

Team

Brandon Polakoff

Brandon Polakoff

Principal, Head of NYC Investment Sales
Avison Young - US - NY - New York
212 230 5998
Patrick Madigan

Patrick Madigan

Director
Avison Young - US - NY - New York
212 729 1623
Fritz Richter

Fritz Richter

Director
Avison Young - US - NY - New York
212 735 8554
Kyle Sabath

Kyle Sabath

Associate Director
Avison Young - US - NY - New York
212 729 6279
Joseph Moran

Joseph Moran

Associate Director
Avison Young - US - NY - New York
917 842 6051
Miles Davis-Bosch

Miles Davis-Bosch

Senior Associate
Avison Young
212 277 5557