Welcome to 212 Franklin Street, one of the most distinctive properties in Greenpoint , Brooklyn.
This 25-foot-wide, brick fa ade, metal-framed mixed-use townhouse was completely rebuilt in 2014 to seamlessly blend high design with modern functionality, making it an ideal opportunity for both end-users and savvy investors.
The property is configured as a two-unit residence over store, featuring a full-floor two-bedroom, one-bath apartment with private outdoor space, a spacious 3.5-bedroom, two-bath penthouse with a rooftop terrace, and a ground-floor retail space that includes a private yard and a finished lower level. This thoughtful layout offers exceptional income potential while providing the flexibility to occupy part or all of the residential section. Whether maintained as a high-performing investment or converted into a luxurious single-family home, the design and scale of 212 Franklin rival the finest townhouses on the market.
With its versatile usage, elevated finishes, and impressive earning potential, this property is ready to deliver both high yield and refined living.
Currently generating a strong income stream, 212 Franklin boasts a cap rate of 5.29%, with a projected cap rate that can easily grow to 6.2%, making it a high-income investment opportunity in one of Brooklyn's most desirable neighborhoods.
Please call or email for more details.
Listed by Christopher V Cavorti
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License #10301206385
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Corcoran Group
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(914) 804-7091
Listed by Evan F Church
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License #30CH1028181
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Corcoran Group
Last updated September 04, 2025
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Source: REBNY #RLS20024453
Listing Facts
TypeSingle-family
NeighborhoodGreenpoint
Bedrooms5
Bathrooms3.5
Days on Prevu115
Taxes$11,112/year
Size3,500 sqft
Price per sqft$1,514
Amenities
Private Outdoor Space
Location
Mortgage Calculator
Listing History
05/16/2025
Listed by Corcoran Group
$5,300,000
Estimated Closing Costs
Total
$234,220
Attorney Fees
$4,000
NYC Mansion Tax
$119,250
Title Insurance
$23,850
Bank Attorney
$1,500
Mortgage Recording Tax
$81,620
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $5,300,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.