212 FRANKLIN Street, New York City, NY 11222
Listing Courtesy of Corcoran Group
$5,300,000
Potential Rebate: $79,500
Overview
Welcome to 212 Franklin Street, one of the most distinctive properties in Greenpoint , Brooklyn.<br> <br> This 25-foot-wide, brick facade, 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>
Home Features
- •Central Air
- •Washer Hookup
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
- •Washer Dryer Allowed
Estimated Monthly Payment
$27,115 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$79,500
Monthly savings impact
$221/mo
Effective Purchase Price
$5,220,500
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20024453
RLS at REBNY
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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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20024453
RLS at REBNY
Price Analysis
Compare average listing prices and value metrics for 212 FRANKLIN Street against the surrounding Greenpoint market.
Average List Price
Price Per SqFt
3.98% Higher
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.
