557-561 Manhattan Avenue consists of 2 Apartments and 1 store, total 5,651 gross SF located on the corner of Driggs Avenue and Manhattan Avenue in the Greenpoint section of Brooklyn, NY. The property is situated directly in front of McCarren Park providing tremendous views for the residential apartments along with significant foot traffic that enhances the appeal of the retail store. The retail space is currently occupied by a turn-key bar operation with over 45' of frontage on both Manhattan and Driggs Avenue allowing for unprecedented frontage on the dominant retail corridor in Greenpoint. Manhattan Avenue is developing into Greenpoint's version of Bedford Avenue as national retailers and trendy restaurants continue to flock to the area. The upstairs apartments are over 1,100 SF and configured as large 2 BR units. Greenpoint has seen consistent rents north of $60 PSF with condos trading for upwards of $1,500 PSF in the area. The premier location along with over 3,000 SF in additional development rights, make 561 Manhattan Avenue a truly unique re-development opportunity in one of the most sought after markets in all of New York City.
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