Greenpoint development site for sale
Eye on Real Estate
An apartment building could be coming soon to a corner site in Greenpoint that has been a parking lot for more than a half-century.
A three-lot property with the addresses 216 and 218 Freeman St. and 215 Green St. has just hit the sale market at an asking price of $7.25 million. That works out to $312 per buildable square foot for the 23,250-developable-square-foot site.
The asking price was arrived at by looking at market comparables — the sale prices of other Greenpoint residential sites with less than 50,000 square feet of developable square feet — and the rents of the apartment units that are being built, said Ben Tapper, principal and senior director at Eastern Consolidated. He exclusively represents the seller along with his colleague Deborah Gutoff, who is also an Eastern Consolidated principal and senior director.