Greenpoint Gem 177 Java St Immeuble residentiel 3 lots 2 890 614 € (963 538 €/Lot) Brooklyn, NY 11222

177 Java Street presents a rare opportunity to acquire a 25-foot-wide, three-unit property in the heart of Greenpoint, one of Brooklyn’s most desirable and consistently performing neighborhoods. Situated on a tree-lined street just steps from Manhattan Avenue, the property offers immediate access to the G train and is only two blocks from the Greenpoint waterfront, ensuring strong tenant demand and long-term appreciation potential.

The building comprises three residential units: a two-bedroom on the first floor and two three-bedroom units on the upper levels, providing a flexible layout for maximizing rental income. A fully finished basement adds additional utility for storage, recreation, or ancillary use. Built on a 25 x 100 ft lot, the property includes approximately 3,000 square feet of existing space and an additional 2,000 square feet of buildable FAR, creating a clear path for future expansion or redevelopment.

This fully occupied asset is well-positioned for multiple investment strategies, including setting market rents, repositioning for higher returns, or pursuing a condo conversion. With its prime location, strong rental fundamentals, and development upside, 177 Java Street offers a compelling opportunity for investors seeking both immediate income and long-term value growth.