118 Java Street, Brooklyn (Greenpoint), NY, 11222 | $4,000,000

Nestled on a prime block in Greenpoint, just one block from the East River and two blocks from the NYC Ferry, 118 Java Street is a captivating brick townhouse that offers both charm and versatility. This 25-foot-wide gem sits on a 100-foot-deep lot and boasts approximately 4, 200 square feet of living space, providing an array of options to suit your needs. Whether you envision a grand single-family home or an owner's duplex or triplex with lucrative rental potential, this property delivers. Recognized as a 4-family residence by the city, the house retains its original integrity, with the four rental units thoughtfully preserved. You can maintain the current setup or convert the upper three floors into your personal residence while renting out the garden level.
Upon arrival, you'll be greeted by a delightful front garden and window boxes that lead to the entrance, featuring original double doors with etched glass panels. Currently configured with one apartment per floor, the house is awash in period detail, enjoys great light, a huge private garden and deck, and a clean and dry cellar with both rear and front yard access. Each rental unit exudes character, with original wide-plank wood floors, high ceilings-some adorned with tin and moldings-cast iron kitchen sinks, and claw-foot tubs. Split AC units have been installed on the first two floors.
The garden level houses a large one-bedroom apartment with windows overlooking the magical rear garden. Head up a flight to Apartment 2, which is currently used as a three-bedroom apartment. This level has direct access to the property's piece de resistance - a new steel deck with stairs leading to the most enchanting garden. The deep garden offers both a grassy area and a stone patio area with a pergola draped in a 100-year-old grape vine, evoking the charm of Italy. The third and fourth floors are both expansive and light-filled, offering treetop views and are configured as one-bedroom apartments with additional space for a home office or nursery.

The house is ready and waiting for the new owner to steward this home into the future as a grand one-family home that could easily accommodate 5+ bedrooms and a magnificent living space on the parlor floor. The location offers views of the Manhattan skyline from the top floor, offering the perfect backdrop for the enterprising owner desiring a private roof deck. If you are an investor looking to put your money into Brooklyn's most coveted neighborhood, keep as a 4-family and rent all four floors OR transform it into a condo. Additional value can be unlocked by finishing the cellar and utilizing the approximately 800 square feet of additional FAR that can be added either on top or into the yard.

No matter how you choose to use this home, it is a winning investment with immense potential. Properties of this width and ideal location are a rare find, and with over four decades of meticulous care from its current owners, 118 Java Street offers a rock-solid foundation for your dream vision. The property will be delivered vacant, ready for its next chapter.

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