$12.9 Million Non-Performing Multifamily Loan | New York City, NY
33 unités
Descriptif
168 India Street is a renovated ~8,700 SF multifamily property strategically positioned on the south side of India Street, between Manhattan Avenue and McGuinness Boulevard in prime Greenpoint. The building features 16 residential units, 13 of which are free market (81%), offering stable income with long-term upside driven by Williamsburg and Greenpoint’s strong free-market fundamentals. The efficient unit mix includes 2 studios, 13 one-bedrooms, and 1 two-bedroom—ideal for the young professionals and couples who define Greenpoint’s thriving rental market.
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Attributs
Total Square Footage
8,747 GSF
Total Residential Units
16
Free-Market
81%
Free-Market Residential Units
13
Zoning
R6B
Média
Points forts de l'investissement
- 81% Free-Market Occupancy – Renovated ~8,700 SF multifamily property at 168 India Street featuring 16 residential units (13 free-market) with strong, long-term rental fundamentals in Greenpoint's thriving market.
- Prime Greenpoint Location – Just 1 block from Manhattan Avenue subway (G train), offering exceptional transit access and seamless connectivity to Midtown Manhattan and Queens via nearby McGuinness Boulevard.
- Stable Cash Flow with Upside – 13 free-market units provide consistent income with significant long-term appreciation potential, while 3 rent-stabilized units offer tenant stability and future monetization opportunities.
- Strategic Positioning in Brooklyn's Fastest-Growing Neighborhood – Property sits in one of Brooklyn's most desirable areas with strong residential fundamentals, high walkability, superior amenities, and a vibrant dining and nightlife scene attracting young professionals seeking well-located apartments.
Contactez les courtiers
168 India Street, Greenpoint, BK (0 Propriétés)
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Dernière mise à jour
Jun 30, 2026
