29 Greenpoint Avenue
Description
The property is fully occupied and consists of a long-term...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.
Listing Agents
![Nathan Horne]()
P: (706)-255-5657
![Gregg Haft]()
P: (917)-833-5059
![Marc Dimov]()
P: (516)-728-6521
![The Litvak Team]()
P: (347)-254-5606
Amenities
- Floor Thru
- Private Yard
- Renovated Bath
- Renovated Kitchen
- Open Kitchen
- Northern Exposure
- Southern Exposure
- Basement
- Southeastern Exposure
- Lowrise
Property Details for 29 Greenpoint Avenue
| Status | Active |
|---|---|
| Days on Market | 13 |
| Taxes | $767 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 12.0 |
| Property Type | Multi Family |
| MLS Type | House/Building |
| Year Built | 1925 |
| Lot Size | 1,947 SF |
| County | Kings County |
Location
Building Information for 29 Greenpoint Avenue
Payment Calculator
$19,952 per month
30 year fixed, 6.36% Interest
$19,185
$767
$0
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1Property History for 29 Greenpoint Avenue
| Date | Event & Source | Price |
|---|---|---|
| 05/27/2026 | Listed (Active) Manual | $3,850,000 |
| 05/01/2017 | Sold Manual | $2,575,000 |
| 05/01/2017 | $2,575,000 | |
| 11/09/2016 | Contract Signed Manual | $2,600,000 |
| 09/22/2016 | Listed (Active) Manual | $2,600,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 29 Greenpoint Avenue
Schools near 29 Greenpoint Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 31 Samuel F Dupont PublicPK to 5 | ||
John Ericsson Middle School 126 Public6 to 8 | ||
A-Tech High School Public9 to 12 | ||
Conselyea Preparatory School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Neighborhood Map and Transit
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.