188 Eagle Street, New York, NY, 11222
$5,000,000
activeLot Size
2,500 sqft
Year Built
1931
Stories
4
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
5 Boro Realty is pleased to offer for sale 188 Eagle Street, a 17-unit mixed-use multifamily asset in north Greenpoint, comprising 16 residential apartments and 1 ground-floor retail unit. Built in 1931, the four-story brick walk-up sits one block from McGuinness Boulevard at the foot of the Pulaski Bridge, with direct access to Long Island City and Midtown Manhattan. The residential component consists of 16 rent-stabilized apartments across a well-balanced mix of eight 2-bedrooms, seven 1-bedrooms and one studio. The ground-floor retail unit diversifies the income stream and complements the residential rent roll. Greenpoint continues to rank among North Brooklyn's strongest multifamily submarkets, driven by sustained renter demand and limited new supply on its narrow side streets. The property is a five-minute walk to the G train at Manhattan Avenue and India Street and carries a 93 Walk Score and 93 Transit Score. The offering presents investors with a stable income-producing asset and a long-term hold in one of Brooklyn's most sought-after neighborhoods. Rent roll and financials available upon request.
Listed by Gabrielle Winters, 5 Boro Realty Corp
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