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93-95 India St
Brooklyn, NY 11222 Greenpoint

$6,700,000 USD

Apartments For Sale • 17,600 SF

Property Details

Property Type Apartments
Total Building Size 17,600 SF
Lot Size 0.12 AC
Building Class C
Year Built 1926
Cap Rate 6.03 %
Zoning R6 Brooklyn(C1)

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                Greenpoint 20-Unit | 85% Free Market Revenue | Recently Renovated with Remaining Upside 
                            
                                Located in the heart of Greenpoint, between Franklin Street and Manhattan Avenue the property is built 50 ft x 88 ft on a 50 ft x 100 ft lot
                            
                                The building has undergone significant capital improvements, with common areas and 12 of the 20 apartments fully gut renovate
                            
                                These units are achieving free market rents, bringing the property to 60% free market by unit count and 85% free market by revenue
                            
                                Given the supply-constrained nature of the New York City rental market and continued demand in the area, there is a clear path for further rent growth
                            
                                Several units feature unique layouts and amenities

Property Flyers

93-95 India Street OM (Greenpoint)

Cap Rate:

6.03 %

Amenities

24 Hour Access
Air Conditioning
Balcony
Controlled Access
Heating
Smoke Free
Range
Patio
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road)	3 min	-	1.2 mi
Long Island City Station (Hempstead Branch - Long Island Rail Road)	4 min	-	1.5 mi
Transit/Subway	Drive	Walk	Distance
Greenpoint Avenue (G - New York MTA Subway (The Subway))	0 min	3 min	0.2 mi
Nassau Avenue (G - New York MTA Subway (The Subway))	2 min	13 min	0.7 mi
Vernon Boulevard-Jackson Avenue (7 - New York MTA Subway (The Subway))	4 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
LaGuardia	15 min	-	6.6 mi
John F Kennedy International	24 min	-	15.1 mi
Newark Liberty International	27 min	-	17.5 mi

Derek Bestreich 718-360-8801 Investment Property Realty Group

93-95 India St Brooklyn, NY 11222 Greenpoint