Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area Gross
Land Area Gross ()
Number of units 7
Occupancy 100.0 %

Property description

Jones Lang LaSalle is pleased to offer for sale the fee simple interest in 152 Norman Avenue (the “Property”), a 5,500 square foot mixed-use building with a ground floor commercial space and six free market residential units, located in the Greenpoint neighborhood of Brooklyn.

Investment highlights

The Property is the beneficiary of New York City’s protected 2B tax class. Buildings that fall under the city’s 2B designation have capped annual tax increases. Additionally, the Property’s six free-market residential units are acknowledged by DHCR sub rehab paperwork. The Property is located in the heart of Greenpoint, which is one of Brooklyn’s most desirable submarkets because of its proximity to McCarren Park, Williamsburg, and commerce along Manhattan Avenue, Bedford Avenue, and Nassau Avenue. 152 Norman Avenue benefits from access to the Nassau Avenue g train and B48 bus stop, both within a few minutes’ walk.

Last Updated Date: 21 Apr 2022

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Last Updated Date: 21 Apr 2022

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