Property Description

Located in a vibrant commercial corridor, 941 Manhattan Avenue presents an opportunity to acquire a mixed use asset with plenty of space for significant rent growth and value add potential.4 residential free-market units, all functional two bedroom layouts (approx 688 sq feet) with natural light and sizeable bedrooms. With current rents offering market rate appreciation, increase rents as is or make minor cosmetic changes to maximize your ROI. All four residential units are free-market and not subject to rent stabilization, offering full flexibility for rent increases and repositioningThe ground floor features a high visibility store front currently operating as a popular restaurant. Great foot traffic, near public transportation, and surrounded by trendy boutiques and eateries. 941 Manhattan Avenue is Situated steps from the Greenpoint Ave G train and close to the East River Ferry. We have a full P&L and expense breakdown for qualified buyers. This property is ready for an investor who recognizes the value of location and is ready to make small changes that will lead to large profits.

Property Features