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977 Manhattan Ave |Greenpoint
$14,250,000
Studio
Time on market: 131 days
Taxes/Maintenance: $0
Property type: Multi-family
Courtesy of Douglas Elliman
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. 2% OR a net operating income of approx. $600,000. 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. 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.
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AMENITIES

MORTGAGE CALCULATOR

Sale Price
Down Payment
%
Mortgage Payment:
Common Charges & Taxes: $0

Total Monthly Payment:
Mortgage Amount $11,400,000
Term
30 Year Fixed
Rate
%