$5,800,000
Updated 2 years ago
Off Market

188 Freeman Street

Greenpoint, Brooklyn | McGuinnes Blvd & Manhattan Ave

5,084 Square FeetMulti-Family

$5,800,000
floors / apts3 / 4
Lot Size25'x100'
Built Size25'x100'
ZoneR6B
Building TypeTownhouse
RE Taxes$20,977
Price Per SF
$1,141

Building Amenities

  • Voice Intercom
  • Garage

Property Description for 188 Freeman Street

Introduction:
Welcome, esteemed clients and investors, to a unique offering in the heart of Brooklyn. We are thrilled to present to you 188 Freeman Street, a legal 4-family over 1 commercial property that is currently undergoing an extensive gut renovation, set to be completed within one month. This remarkable property is situated in an excellent location, offering unparalleled potential for both residential and commercial endeavors.

Property Highlights:

Prime Location: Located in the vibrant neighborhood of Brooklyn, 188 Freeman Street boasts a highly desirable location with easy access to amenities, transportation, and the cultural richness of the area.

Versatile Layout: This property offers a unique configuration with two penthouse duplex units, two three-bedroom, two-bathroom apartments, alongside one commercial space and a garage, providing a diverse range of income streams and investment opportunities.

Exceptional Quality: The ongoing gut renovation guarantees the highest quality finishes, construction, and appliances. Every aspect of the property is being meticulously crafted to meet the highest standards of modern living and commercial functionality.

Income Potential: With a mix of residential and commercial units, 188 Freeman Street offers a lucrative income potential for investors seeking to maximize their returns in the thriving Brooklyn real estate market.

Investment Opportunity:
Investing in 188 Freeman Street presents an exceptional opportunity to capitalize on the burgeoning demand for premium living and commercial spaces in Brooklyn. Whether you’re looking to diversify your investment portfolio, generate passive income, or establish a strategic foothold in one of New York’s most dynamic neighborhoods, this property offers endless possibilities for growth and success.

Why Choose 188 Freeman Street?

Location: Situated in a highly sought-after area of Brooklyn, 188 Freeman Street enjoys proximity to transportation hubs, renowned dining and entertainment venues, parks, schools, and more, ensuring convenience and accessibility for residents and tenants.

Quality Craftsmanship: The commitment to superior craftsmanship and attention to detail sets 188 Freeman Street apart as a premier destination for discerning individuals and businesses seeking the utmost in luxury, comfort, and functionality.

Income Diversity: The diverse mix of residential and commercial units provides a stable income stream and mitigates risk, making it an attractive investment opportunity for both seasoned investors and newcomers to the real estate market.

Conclusion:
In conclusion, 188 Freeman Street represents a rare opportunity to acquire a meticulously renovated property in one of Brooklyn’s most coveted neighborhoods. With its prime location, versatile layout, exceptional quality, and lucrative income potential, this property is poised to deliver unparalleled returns for investors who recognize the value of investing in premium real estate. Don’t miss out on this chance to secure your place in Brooklyn’s thriving real estate market. Contact us today to schedule a private viewing and take the first step towards realizing your investment goals. Thank you for your attention, and we look forward to assisting you in making 188 Freeman Street your next successful investment venture.

Listing History for 188 Freeman Street

Now
03/01/2024
POM by Nathaniel J. Smith
Oxford Property Group
02/19/2024
Price Increase by Nathaniel J. Smith
Oxford Property Group

Building Details for 188 Freeman Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

Greenpoint Av
0.21 miles

Citi Bike

Eagle St & Manhattan Ave
0.08 miles
Green St & McGuinness Blvd
0.1 miles

Contact Agents

Contact Agents

Nathaniel Smith
FIND Real Estate
Daniel Mahgerefteh
FIND Real Estate
Yaniv Grinberg
FIND Real Estate

Greenpoint | Brooklyn

Quick Profile

Go north, not west. Greenpoint’s placement at the furthermost tip of Brooklyn makes it peak “North Brooklyn” territory. Bordered by the East River, its geographical location has long made Greenpoint integral to maritime activity, present day ferry service to Manhattan included. With Williamsburg to the south and Long Island City to the north, Greenpoint’s “hip factor” often experiences crossover traffic from these areas. 

Particularly bustling on the weekend, the edge of McCarren Park at Bedford Avenue and Lorimer Street filters out into prime Greenpoint, where brunch has become a hallowed tradition for newer and longtime residents alike. Bars and restaurants such as Spritzenhaus and Five Leaves also provide close proximity to a post-dining jaunt in the park. 

As the neighborhood continues to grow and develop, the old world feel of a tradition of Polish immigrants has commingled with the arrival of enterprising millennials that have become a part of the go-getting spirit of the neighborhood. Filled with small coffee shops, vintage boutiques and award-winning restaurants (as well as tailored bars like TØRST offering up specialty beers on tap), Greenpoint truly is the jewel of North Brooklyn. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 94276TH