The Paxton, 814 Manhattan Avenue, Greenpoint, Brooklyn, NY 11222

Investment Highlights:

Meridian Investment Sales is pleased to exclusively present for sale The Paxton, located at 814 Manhattan Avenue. This mixed-use building is situated at the northeast corner of Calyer Street in the heart of Brooklyn’s Greenpoint neighborhood. Rising four stories, the building includes five free market apartments and one retail space within 6,000 square feet. With fewer than six units, the Property is legally 100% free market with clean status. The Property was built in 1930 and renovated in 1989. In 2024, ownership spent $925,000 to gut-renovate the apartments and common areas creating a modern, boutique living experience fully run on electric power. All units have been thoughtfully designed with wide oak plank flooring, high-end Rocca tiles, state-of-the-art kitchens and appliances, sleek counter tops, in-unit washer/dryers, and individual HVAC systems for heating and cooling. There are four two-bedroom units, one four-bedroom unit, and the ground floor retail is currently occupied by Dime Bank. In addition, the property is tax protected class 2B. This allows investors to benefit from the limited tax increases of 8% per year and no more than 30% over a five-year period.