Ad #7784725
MLS #11792354
Welcome to 29 Greenpoint Avenue, a boutique mixed-use property
29 Greenpoint Ave, Brooklyn, NY 11222
$3,850,000
5Beds
3Baths
3,620Sqft
--Acres
About this property
Welcome to 29 Greenpoint Avenue, a boutique mixed-use property located in the heart of Greenpoint, one of the strongest long-term appreciation corridors in New York City. Positioned steps from Transmitter Park, the NYC Ferry, and the multi-billion-dollar Greenpoint Landing redevelopment, the property is surrounded by thousands of newly developed and planned residential units and continued large-scale investment throughout the neighborhood. The property is fully occupied and consists of a long-term retail tenant occupying the ground floor and cellar, along with two floor-through residential apartments above. Current in-place income exceeds $250k annually with projected upside to approximately $300k based on market rents. The retail lease includes annual rent escalations and extends through 2033 with a renewal option, while the residential units are fully free-market and exempt from New York s Good Cause Eviction framework, offering immediate near-term rental upside. Existing rents remain below nearby market levels, with area residential walk-up product achieving approximately $90/SF and nearby retail rents approaching or exceeding $100/SF in prime Greenpoint locations. The property also benefits from Protected Tax Class 1 status with real estate taxes of only approximately $9,201 annually. In addition to stable cash flow and future rental growth, the property also offers meaningful long-term expansion and redevelopment potential. The site currently contains approximately 2,230 additional buildable square feet as-of-right, or up to approximately 3,223 buildable square feet under the current UAP zoning framework, creating a rare opportunity to combine durable in-place income with future development optionality in one of Brooklyn s most rapidly appreciating neighborhoods.
Property Features
5 Beds
3 Baths
3,620 Sqft
0 Acres
East River
Kings County
Greenpoint Community
Additional Photos
Contact Information
Nathan Horne
Compass
Location
Listing Agent: Nathan Horne
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
LakeHouse.com
Printed Jul 28, 2026
Photo Gallery
$3,850,000
5
Beds
3
Baths
3,620
Sqft
29 Greenpoint Ave, Brooklyn, NY 11222
By contacting this agent you agree to these Terms and Conditions.
MLS# 11792354
Welcome to 29 Greenpoint Avenue, a boutique mixed-use property
$3,850,000
29 Greenpoint Ave, Brooklyn, NY 11222
5
Beds
3
Baths
3,620
Sqft
--
Acres
$3,850,000
29 Greenpoint Ave, Brooklyn, NY 11222
5 Beds
3 Baths
3,620 Sqft
-- Acres
Welcome to 29 Greenpoint Avenue, a boutique mixed-use property located in the heart of Greenpoint, one of the strongest long-term appreciation corridors in New York City. Positioned steps from Transmitter Park, the NYC Ferry, and the multi-billion-dollar Greenpoint Landing redevelopment, the property is surrounded by thousands of newly developed and planned residential units and continued large-scale investment throughout the neighborhood. The property is fully occupied and consists of a long-term retail tenant occupying the ground floor and cellar, along with two floor-through residential apartments above. Current in-place income exceeds $250k annually with projected upside to approximately $300k based on market rents. The retail lease includes annual rent escalations and extends through 2033 with a renewal option, while the residential units are fully free-market and exempt from New York s Good Cause Eviction framework, offering immediate near-term rental upside. Existing rents remain below nearby market levels, with area residential walk-up product achieving approximately $90/SF and nearby retail rents approaching or exceeding $100/SF in prime Greenpoint locations. The property also benefits from Protected Tax Class 1 status with real estate taxes of only approximately $9,201 annually. In addition to stable cash flow and future rental growth, the property also offers meaningful long-term expansion and redevelopment potential. The site currently contains approximately 2,230 additional buildable square feet as-of-right, or up to approximately 3,223 buildable square feet under the current UAP zoning framework, creating a rare opportunity to combine durable in-place income with future development optionality in one of Brooklyn s most rapidly appreciating neighborhoods.
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Property Details
HOME DETAILS
5 Beds
3 Baths
3,620 Sqft
0 Acres
WATER & VIEW
East River
FINANCIAL & COMMUNITY
Kings County
Greenpoint Community
See More Details
Location
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About East River
Looking for riverfront homes on East River ? Find river front real estate for sale here. Located in Queens County, New York. Discover the best river front listings - properties, lots, and acreage to build your dream house, cottage or cabin on. Search for an agent who specializes in waterfront property to help you buy or sell a home.
Ad Statistics
Ad Number
7784725
Viewed
38 times
Listing Status
Active
Added
May 28, 2026
Last Refresh
Jul 28, 2026 03:58:35 AM
Listing Information
Data Source
My State MLS
Source Property ID
11792354
Listing Agent: Nathan Horne
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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