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212 Franklin StreetBrooklyn, NY 11222

For Sale

$5,300,000

Smart Buyer Rebate $66,250

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.

Property Details for 212 Franklin Street

Association

Amenities

  • Pets Allowed: Building Yes, No

Compensation

Commissions

  • Buyer Agency Compensation: 2.0Percent

Exterior

Construction

  • Number Of Units Total: 3
  • Property Condition: Excellent
  • Stories Total: 3
  • Structure Type: Mixed Use
  • Year Built: 1931
  • Entry Level: 1

Features

  • Patio And Porch Features: Terrace

Measurements

  • Building Area Total: 3,500
  • Building Area Units: SquareFeet
  • Lot Size Area: 1,750
  • Lot Size Dimensions: 70
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Tax Annual Amount: $11,112.00

Interior

Features

  • Appliances: Washer Dryer Allowed
  • Interior Features: Smoke Free

Measurements

  • Living Area: 3,500
  • Living Area Units: SquareFeet

Rooms

  • Has Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 5
  • Rooms Total: 7

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Greenpoint
  • Tax Block: 02522
  • Tax Lot: 0002

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Laundry Features: Washer Hookup, In Unit

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

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.