Listing Courtesy of Corcoran Group
$5,300,000
Potential Rebate: $79,500
Welcome to 212 Franklin Street, one of the most distinctive properties in Greenpoint , Brooklyn.<br> <br> 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.<br> <br> 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.<br> <br> With its versatile usage, elevated finishes, and impressive earning potential, this property is ready to deliver both high yield and refined living.<br> <br> 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. <br> <br> Please call or email for more details.<br>
$27,115 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$79,500
Monthly savings impact
$221/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20024453

Compare average listing prices and value metrics for 212 FRANKLIN Street against the surrounding Greenpoint market.
than the Greenpoint price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Greenpoint.
Greenpoint is Brooklyn's trendy northern tip. For buyers seeking Greenpoint Brooklyn real estate, it offers waterfront condos.
Living in Greenpoint is cool. As a Brooklyn NYC neighborhood, it has Polish roots and modern vibes.
Homes for sale in Greenpoint are mix of frame houses and glass condos.
The lifestyle is hipster-chic.
G train and Ferry.
McCarren Park and Transmitter Park.
Trend-conscious buyers.

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