Welcome to 212 Franklin Street, one of the most distinctive properties in Greenpoint , Brooklyn. This 25-foot-wide, brick fa ade, metal-framed mixed-use townhouse was completely rebuilt in 2014 to seamlessly blend high design with modern functionality, making it an ideal opportunity for both end-users and savvy investors. The… Read More property is configured as a two-unit residence over store, featuring a full-floor two-bedroom, one-bath apartment with private outdoor space, a spacious 3.5-bedroom, two-bath penthouse with a rooftop terrace, and a ground-floor retail space that includes a private yard and a finished lower level. This thoughtful layout offers exceptional income potential while providing the flexibility to occupy part or all of the residential section. Whether maintained as a high-performing investment or converted into a luxurious single-family home, the design and scale of 212 Franklin rival the finest townhouses on the market. With its versatile usage, elevated finishes, and impressive earning potential, this property is ready to deliver both high yield and refined living. Currently generating a strong income stream, 212 Franklin boasts a cap rate of 5.29%, with a projected cap rate that can easily grow to 6.2%, making it a high-income investment opportunity in one of Brooklyn's most desirable neighborhoods. Please call or email for more details. Read Less
Listing Courtesy of: Christopher V Cavorti, Corcoran Group
Listing Snapshot
Days Online
145
Last Updated
Property Type
MixedUse
Beds
5
Full Baths
3
Partial Baths
1
Square Ft.
3,500
Lot Size
0.04 Acres
Year Built
1931
MLS Number
RLS20024453
30 Days Snapshot Of 11222
$2.33M
+30%
(avg) sold price
11
0%
homes sold
141
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement YN: t
Building
Entry Level: 1, Features: GreenBuilding, Living Area Units: SquareFeet, Rooms Total: 7, Structure Type: MixedUse
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and 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. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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