20 Monitor Street

Discover this newly constructed, five-story luxury rental building in Brooklyn’s coveted Greenpoint neighborhood, near the Williamsburg border. This unique development showcases modern design and high-end amenities across its 13 units, which include 7 one-bedroom and 6 two-bedroom apartments, 5 of which are affordable under HPD guidelines, with all units currently occupied. Residents enjoy access to a rooftop offering stunning city skyline views, a gym, a common courtyard, and a private garage with 7 parking spots and bike storage. All units feature private outdoor spaces. Completed at the end of 2023, each apartment is equipped with in-unit washers and dryers, individual heating and air conditioning split systems, and an audio-video intercom. The property benefits from a 421A tax abatement with 33 years remaining, enhancing its investment value. Ideal for a 1031 exchange or investors seeking a stable acquisition, the building is conveniently located 20 minutes into the city by train, surrounded by trendy dining and bar options. It’s within walking distance of the L subway line and minutes from major highways, making it a prime choice for new residents.