$1,600,000
Updated 2 hours ago
New today
146 Diamond Street
Greenpoint, Brooklyn | Park Ave & Myrtle Ave
12 Rooms4 Beds8.5 Baths5,768 Square FeetMixed Use
$1,600,000
floors / apts4 / 4
Lot Size17'x100'
Built Size17'x65'
ZoneR6B
Building TypeLow-Rise
Price Per SF
$277
Outdoor space and views
- Backyard
Building Amenities
- Voice Intercom
- Roof Deck
- Storage
Property Description for 146 Diamond Street
The New York Multifamily Group at Marcus & Millichap is pleased to exclusively present 146 Diamond Street, a prime mixed-use investment opportunity in Greenpoint, Brooklyn. Offered at $1,600,000, the 5,768-square-foot building is priced at approximately $277 per square foot and $320,000 per unit.The property is currently improved with four rent-stabilized one-bedroom residential units and a 613- square-foot ground-floor commercial (community facility) space. The offering features significant immediate upside, with an in-place NOI of $57,061 (3.8% going-in cap rate) and a projected pro forma NOI of $155,900 (9.7% cap rate). The value-add strategy is driven by the substantial spread between legacy in-place rents averaging $2,924 per month and underwritten market rents averaging $4,875 per month.With legacy leases rolling, investors benefit from immediate repositioning potential—Unit 4 is vacant as of 12/1/2025, and the ground-floor commercial space is vacant, presenting a rare opportunity for immediate lease-up at market rates or owner-user occupancy in one of Brooklyn's most desirable submarkets.
Listing History for 146 Diamond Street
Now
10/22/2026
New Agency by Shaun Riney
Marcus & Millichap
10/22/2026
Back on the Market by Shaun Riney
Marcus & Millichap
Building Details for 146 Diamond Street
OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2015
Floors/Apts4/4
Transit and Citi Bike
Subway
Nassau Av
0.28 miles
Greenpoint Av
0.43 miles
Citi Bike
Calyer St & Jewel St
0.15 miles
N Henry St & Norman Ave
0.2 miles
Contact Agent
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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: 70356TH
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