# 29 Greenpoint Avenue, Brooklyn, NY 11222

> **TL;DR:** 5bd/3ba townhouse, $3,850,000 ($1064/sqft), 3,620 sqft. Est. $16,683/mo. Listed 12 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,850,000 |
| Price/sqft | $1064 |
| Bedrooms | 5 |
| Bathrooms | 3 full |
| Square Feet | 3,620 |
| Property Type | Townhouse (Townhouse) |
| Status | For Sale |
| Days on Market | 12 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $16,683 |
| **Total** | **$16,683** |

## Description

### Agent Description
Welcome to 29 Greenpoint Avenue, a boutique mixed-use property located in the heart of Greenpoint, one of the strongest long-term appreciation corridors in New York City. Positioned steps from Transmitter Park, the NYC Ferry, and the multi-billion-dollar Greenpoint Landing redevelopment, the property is surrounded by thousands of newly developed and planned residential units and continued large-scale investment throughout the neighborhood. The property is fully occupied and consists of a long-term retail tenant occupying the ground floor and cellar, along with two floor-through residential apartments above. Current in-place income exceeds $250k annually with projected upside to approximately $300k based on market rents. The retail lease includes annual rent escalations and extends through 2033 with a renewal option, while the residential units are fully free-market and exempt from New York s Good Cause Eviction framework, offering immediate near-term rental upside. Existing rents remain below nearby market levels, with area residential walk-up product achieving approximately $90/SF and nearby retail rents approaching or exceeding $100/SF in prime Greenpoint locations. The property also benefits from Protected Tax Class 1 status with real estate taxes of only approximately $9,201 annually. In addition to stable cash flow and future rental growth, the property also offers meaningful long-term expansion and redevelopment potential. The site currently contains approximately 2,230 additional buildable square feet as-of-right, or up to approximately 3,223 buildable square feet under the current UAP zoning framework, creating a rare opportunity to combine durable in-place income with future development optionality in one of Brooklyn s most rapidly appreciating neighborhoods.

## Location

- **Address:** 29 Greenpoint Avenue, Brooklyn, NY 11222
- **County:** Kings
- **Coordinates:** 40.729862, -73.95966
- **Google Maps:** https://www.google.com/maps?q=40.729862,-73.95966

## Listing Agent

- **Name:** Nathan Horne
- **Brokerage:** Compass
- **Phone:** 7062555657
- **Email:** nathan.horne@compass.com

## Primary Photo

![29 Greenpoint Avenue - Primary Photo](http://lh.rdcpix.com/a97d2189d8c23445dc26f258d27f787bl-f3713019343r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/29-greenpoint-avenue-brooklyn-ny-11222-11792354)*

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**MLS#:** 11792354 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/29-greenpoint-avenue-brooklyn-ny-11222-11792354)

---

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