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A blog for breaking sales and neighborhood real estate news.

A multifamily building at 213 Green Street, located between Manhattan Avenue and McGuinness Boulevard in Brooklyn’s Greenpoint neighborhood, was sold in an all-cash transaction valued at $1,750,000.

The four-story brick building contains approximately 5,500 square feet on a 25’ x 100’ lot and consists of eight units.  It has tremendous potential as an income producing investment and it holds additional air rights.  The sale price equates to approximately $318 per square foot.

The property is conveniently located just four blocks from the India Street entrance to the Greenpoint Avenue G train station and six blocks from the East Ferry River dock.

“There was considerable interest in this asset and we received multiple offers, ultimately settling on number over the asking price,” said Massey Knakal’s Mark L. Lively, who exclusively handled this transaction with Brendan T. Maddigan.  “When rehabilitated and repositioned, this will be a solid asset anchored in one of Brooklyn’s most desirable neighborhoods,” Maddigan added.

Click here for press release

Neighborhoods: Greenpoint/ Agents: Mark Lively