174 Franklin St

$2,875,000
Studio
Condominium

AGENTS

Tanner McAuley Homlish
Tanner McAuley Homlish
  • Licensed Real Estate Salesperson
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Property Description

LOCATION, LOCATION, LOCATION! AWARD-WINNING LANDMARKED MIXED-USE BUILDING W/ AIR RIGHTS! This unique brick house consists of two upper residential two-bedroom apartments, and a fully renovated retail storefront. The strikingly handsome prewar brick facade won the Landmark Preservation Grassroots Award in 2010 after undergoing a redesign. The building is perfectly maintained and positioned on one of the best blocks on prime Franklin Street; the most sought after and polished strip for boutiques, restaurants, and cafs in Greenpoint. On the ground floor, a fashion-forward clothing boutique impresses pedestrians with a prominent glass storefront showcase, dramatic 11ft. ceilings, a bathroom, and basement storage. Through the private resident's entrance, a corridor leads to a well-maintained patio and garden with a raised bluestone deck and custom built-ins, ideal for gardening, lounging with a book, or BBQ-ing and entertaining guests; a true treasure for its' residents.

The second and third-floor apartments are currently occupied, but can be delivered vacant as of August 2017. They feature two floor-through two-bedroom, one bathroom apartments with sun-bathed bedrooms at the front of the building, open living rooms, and high ceilings that create a loft-like feel that 'Brooklynites' seek. The large eat-in kitchens feature updated cabinetry, stainless steel appliances, granite counter-tops, ample storage, and two large windows facing into the backyard patio. In addition, the luminous upper level unit has a recently fully renovated bathroom. Charming original details are carried throughout both units including original French doors and fireplaces. The upper unit features an open skylight allowing sunlight to pour into the apartment throughout the day. The two residential floors could be combined to create an impressive owner's duplex with retail income and a backyard, or the building could simply serve as a 'cash cow' income-producing property with a Greenpoint location that is nearly impossible to beat! A huge bonus to this property is the approx. 352SF of air rights. If approved by the Landmark Preservation Society and NYC DOB, this could translate to a common landscaped roof enclosure for the residents to enjoy, or an added penthouse multi-purpose living space.

Located just a few short blocks from the G Train and the NY Waterway Ferry Terminal, the building boasts optimal convenience for transportation between Greenpoint and Manhattan. Greenpoint is one of the fastest growing neighborhoods in New York City with over 4,000 proposed new residential units in the pipeline, set to undergo tremendous growth over the coming years.

Building Size & Built SF: 21 X 45 2,835 SF

Lot Size & Lot SF: 21 X 69 1,449 SF

Zoning: R6

FAR: 2
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PROPERTY DETAILS

  • Property Type
    Condominium
  • Year Built
    1931
  • MLS/Listing ID
    2763876
  • Days On Market
    67

Amenities

  • Pre-War
  • Terrace
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Listing Courtesy of COMPASS