Prime Mixed-Use Property at 1139 Manhattan Avenue
FOR SALE
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$5,495,000
1139 Manhattan Avenue, Brooklyn, NY 11222
3,672 SF
Square Feet
$1,496
PPSF
2
Units
2.0M
PPU
5.97%
CAP
Property Description
Units
2 — PPU: 2.0M
NOI
$327,801
Cap Rate
5.97%
- Prime corner mixed-use portfolio along Manhattan Avenue in Greenpoint
- Two adjacent buildings offering diversified residential and retail income
- Legalized loft properties providing regulatory clarity and long-term stability
- Excellent access to transit, ferry service, and key Brooklyn corridors
- Surrounded by major waterfront redevelopment and neighborhood investment
Property Details
Asset Type
Mixed-use
Year Built
1931
Zoning
M1-2
Lot Size
1,223 SF
Neighborhood
Greenpoint
Submarket
Brooklyn
ZIP
11222
Renovated
2017
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$520,057
Debt Service Coverage Ratio (DSCR)
1.66x
Cap Rate
9.46%
Cash Flow (Annual)
$207,467
Cash-on-Cash Return
15.10%
Monthly Debt Service
$26,049
Annual Debt Service
$312,589
View on Map
1139 Manhattan Avenue, Brooklyn, NY 11222
Address
1139 Manhattan Avenue
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
