This multi-family property in Greenpoint, Brooklyn, with 5,025 sqft and classic prewar features, has a projected monthly rent potential between $18.9K and $30K. Rents in Northwest Brooklyn are surging, and Greenpoint remains highly desirable, with vacancy rates under 2% and frequent bidding wars. Based on the upper rent estimate, annual gross income could reach $360K. At current market prices, the payback period is roughly 10–16 years, which is competitive for the area. Features like large windows, hardwood floors, and proximity to transit and amenities further strengthen rental demand. The main challenge is maximizing unit count and modernizing interiors to capture top-tier rents.

To boost value, consider updating kitchens and bathrooms, optimizing unit layouts, and adding amenities like in-unit laundry or smart home features. If selling, highlight the property’s scale, upside rent potential, and prime Greenpoint location, which commands premium pricing and fast leasing velocity. Market to both investors seeking stable cash flow and end-users interested in owner-occupancy with rental income. If holding, annual rent increases—within legal limits—should be pursued given ongoing neighborhood demand.