1056 Manhattan Avenue Update 11/01/21

Greenpoint Residential Building Sells for $86.8M

story residential building at 1056 Manhattan Avenue in Greenpoint, Brooklyn has just traded hands for $86.8 million. The  sqft structure was sold by to . Developed by Bruman Realty LLC, the building contains  residential units with 30 percent of these dedicated to affordable housing. Unit configurations range from studios to two-bedroom apartments. Tenant amenities include a fitness center, business space, delivery center, bike parking, laundry service, rooftop terrace, and a residential lounge. The building also offers ground-floor and cellar level retail space, as well as  underground parking spots. bought the property in 2015 prior to development for just $18 million, and has maintained ownership until this recent sale.

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