The Reel

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A blog for breaking sales and neighborhood real estate news.

A brick three-story mixed-use building at 21 Greenpoint Avenue located between West Street and the East River in the Greenpoint, Brooklyn was sold in an all cash transaction valued at $1,320,000.

This 3,500 square foot building consists of two floor-through apartments and a garage which extends the length of the lot on the ground floor. The third floor apartment is in need of a gut renovation. It has a curb cut and a mechanical roll down gate. There are also approximately 1,117 square feet of available air rights associated with the property which allows for the possibility of future development. The building was delivered vacant.  The sale price represented $377.15 per square foot which is a high price for this neighborhood.

Neighborhoods: Greenpoint/ Agents: Mark Lively