Die Neue Entwicklungsleinwand: 4 Familien Gebäude In Greenpoint, Brooklyn

Presenting 220 Eckford Street: an exceptional development opportunity positioned at the epicenter of Greenpoint’s transformation. This 1930 pre-war townhouse represents a rare chance to create something extraordinary in Brooklyn’s most coveted neighborhood. Surrounding this prime corner of Greenpoint, new luxury developments have redefined the landscape. Comparable properties command $490-510 per square foot and have been setting new benchmarks for what’s possible. While neighboring blocks showcase gleaming new constructions and sophisticated conversions, 220 Eckford stands ready for its own remarkable transformation. DEVELOPMENT VISION: • 4,075 sq ft of existing structure with expansion potential • 25’ x 104’ lot offering significant development rights • $83,244 annual income providing immediate cash flow during planning • Prime positioning among Greenpoint’s newest luxury developments This isn’t just a building. it’s a blank canvas in a neighborhood where vision meets value. Whether your dream is a boutique luxury conversion maximizing the existing footprint or a ground-up development leveraging the generous lot dimensions, 220 Eckford offers the foundation for your development masterpiece. PROPERTY HIGHLIGHTS: Address: 220 Eckford Street, Brooklyn, NY, 11222 Building Class: C3 (four-family walk-up) Stories/Units: 4 stories / 4 units Year Built: 1930 Approximate Building Size: 4,075 sq ft Lot Size: 2600 sq ft (25’ x 104’) Neighborhood: Greenpoint CURRENT UNIT MIX: #1 (Garden Duplex): 2 BD / 2 BA, $3,950/month, renovated recently; 925 Sq Ft #2: 2 BD / 1 BA, estimated $3700/month w garden access; 1100 Sq Ft #3: 3 BD / 1 BA, estimated $3,700/month; 1200 Sq Ft #4: 2 BD / 1 BA, $2,987/month; 850 Sq Ft Units #2 and #3 currently owner occupied INCOME SNAPSHOT: Total Verified Gross Rent: $ 6937/month Total Projected Gross Rent: $14,337/month Unit Mix: 3 BD (1) 2 BD (1), 1 BD (1), 2 BD Garden Duplex (1) Upside Potential: • Renovation of Units 2-4 could reposition rents closer to neighborhood averages and gain $50 to $65+ sqft/year INVESTMENT POTENTIAL: • Fully rented four-family building • Immediate stability + long-term upside through rent growth and upgrades • Flexible ownership: end-user can occupy one unit while collecting income from three others, or maintain as an investment property • Attractive tree-lined block with strong community ties and ongoing demand LOCATION: Situated in Greenpoint, 220 Eckford Street offers the perfect blend of neighborhood charm and connectivity. Just minutes from McCarren and McGolrick Parks, the G train (Nassau & Greenpoint Ave stations), and a vibrant dining and retail scene, the property benefits from consistent tenant demand and long-term value growth. THE TL; DR: • Four-family townhouse with established rent roll • Verified gross rent of $83,224 annually; Projected gross rent: $172,044 annually • Garden duplex with private outdoor space renting at nearly $4,000/month • Prewar details: hardwood floors, exposed brick, decorative fireplaces • Prime Greenpoint location with strong tenant base and appreciation potential