212 Franklin St, Brooklyn, NY 11222

Description

Welcome to 212 Franklin Street, one of the most distinctive properties in Greenpoint, Brooklyn.

This 25-foot-wide, brick facade, 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 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 ofthe 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.

Fully occupied with tenants in place, 212 Franklin is currently generating stable, in-place income and boasts a cap rate of 5.45%, with a projected cap rate that can grow to 6.47%, making it a compelling, income-producing investment in one of Brooklyn's most desirable neighborhoods.