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  • $5,300,000

    212 Franklin St, Brooklyn, NY 11222

    5beds
    3,500sqft
    Loading
    Mixed Use
    Built in 1931
    -- sqft lot
    $4,836,800 Zestimate®
    $1,514/sqft
    $-- HOA

    What's special

    Finished lower levelRooftop terracePrivate yardPrivate outdoor spaceTwo-bath penthouse
    Welcome to 212 Franklin Street, one of the most distinctive properties in Greenpoint, Brooklyn. This 25-foot-wide, brick façade, 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.
    447 days
    |
    666
    |
    30
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Corcoran 914-804-7091,

    Christopher Cavorti,

    Marvin Chu

    Source: StreetEasy,MLS#: S1771374

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Cooling
      • Central Air
      Appliances
      • Included: Washer/Dryer
      • Laundry: Inside
      Features
      • Flooring: Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 3,500
      • Total interior livable area: 3,500 sqft

      Property

      Features
      • Patio & porch: Other
      • Exterior features: Garden
      Details
      • Parcel number: 025220002
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Mixed Use
      Condition
      • Year built: 1931

      Community & HOA

      Community
      • Subdivision: Greenpoint
      HOA
      • Has HOA: Yes
      • Amenities included: Laundry
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $1,514/sqft
      • Tax assessed value: $3,989,000
      • Annual tax amount: $11,112
      • Date on market: 5/16/2025

        Estimated market value

        $4,836,800

        $4.01M - $5.76M

        $7,942/mo

        Price history

        DateEventPrice
        5/16/2025Listed for sale$5,300,000+315.7%$1,514/sqft
        Source: StreetEasy #S1771374 Report a problem
        2/25/2021Listing removed--
        Source: Owner Report a problem
        5/8/2020Listing removed$6,180$2/sqft
        Source: Owner Report a problem
        4/27/2020Listed for rent$6,180-6.7%$2/sqft
        Source: Owner Report a problem
        10/16/2018Listing removed$6,625$2/sqft
        Source: Corcoran Report a problem
        8/24/2018Price change$6,625-4%$2/sqft
        Source: Corcoran Report a problem
        7/21/2018Price change$6,900-4.2%$2/sqft
        Source: Corcoran Report a problem
        6/29/2018Listed for rent$7,200+7.5%$2/sqft
        Source: Corcoran Report a problem
        5/23/2017Listing removed$6,700$2/sqft
        Source: Corcoran Report a problem
        5/4/2017Price change$6,700-4.3%$2/sqft
        Source: Corcoran Report a problem
        4/3/2017Price change$7,000-4.1%$2/sqft
        Source: Corcoran Report a problem
        3/7/2017Listed for rent$7,300$2/sqft
        Source: Corcoran Report a problem
        7/2/2013Sold$1,275,000$364/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,976 +2.6%$239,340 +26.6%
        2024$10,694 $189,060 +13.1%
        2023-- $167,100 +27.4%
        2022-- $131,160 +3.1%
        2021-- $127,260 +16.2%
        2020$9,757 +3.9%$109,560 -5%
        2019$9,392 +9.7%$115,320 +181.7%
        2018$8,563 +6.6%$40,936 +3.9%
        2017$8,033 +4.2%$39,405
        2016$7,705 $39,405 +55.4%
        2015$7,705 +659.5%$25,352 +6%
        2014$1,015 $23,917 +6%
        2013-- $22,564 +6%
        2012-- $21,288
        2011-- $21,288 +0.8%
        2010-- $21,127 +6%
        2009-- $19,932 +6%
        2008-- $18,804 +6%
        2007-- $17,740
        2006-- $17,740 +0.8%
        2005-- $17,606 +6%
        2004-- $16,610 +6%
        2003-- $15,670 +6%
        2002-- $14,784
        2001-- $14,784 +0.8%
        2000-- $14,672
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Greenpoint

        Getting around

        94 / 100
        Walker's Paradise
        94 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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