Opportunity is Knocking !


Property

Website:https://www.nestseekers.com/3130311
Address:
666 Grand Street
Brooklyn, NY 11211
Cross street:Leonard Street
Type:Low-rise
Era:Post-war
Floors:4
Ownership: Income Property
Rooms: 23
Bedrooms: Studio

Financials

Price: $2,200,000

Description

Opportunity is Knocking!!! Rare find lifetime investment property in the heart of one of NYC's most sought after neighborhoods, Williamsburg!
This X-LG Rent Stabilized Mixed Use building is a 6 Family plus a store and offers tremendous upside potential!

Built 25 x 55, this 4 story Brick building has been in the same family for over 60 yrs and has been lovingly maintained throughout with a new Boiler & new Gas Pipes just recently installed in 2023.
All 6 residential apartments have a railroad layout, 5 of which are 2BR with an eat-in kitchen and a full bathroom and 1 apartment is a 1BR apartment. A Doctor's office is currently occupying the retail floor and there is a Finished basement!

The building offers 25 Feet of Frontage and is ideally located just one block from the bustling intersection of Grand St and Graham Ave. It is also super close to public transportation, and is walking distance to the highly revered McCarran Park or Williamsburg's hottest and trendiest bars, restaurants, and shopping.


One apartment and the commercial store will be delivered vacant at closing.

Perfect for Owners/Users or investors, Call for more details!
(floorpan is coming...)

Lot: 25 X 75 ft
Building: 25 X 55 ft
Building SF: 5500
Zoning: C4-4A
FAR: 2.93
MAX FAR: 4
Unused FAR: 2000SF
Taxes: $22,106/Yr
Current rent roll: $144,065/yr
Total Expenses: $39,377/yr

Amenities

  • Voice Intercom
  • Walk-up

Contact

578 Driggs Avenue Brooklyn, NY 11211
Courtesy of Douglas Elliman Real Estate

666 Grand Street Brooklyn NY 11211 USA