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702 Grand St, Williamsburg, NY 11211

$ 3,000,000

702 Grand St,
,

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Property Id : 20083
Price: $ 3,000,000
Bedrooms: 11
Bathrooms: 6
Basement: Full
Structure Type: Brick
Floors No: 4

About this property

Amazing X-LG Brick Mixed-Use 6 Family + Store in Williamsburg!
This building sits on a large lot in one of the prime commercial corridors of Williamsburg surrounded by numerous shops, restaurants, bars, and night life. It has excellent location and high foot traffic.

– 5 min walk to the Grand St L train
– 2 Vacant Units at Closing
– Full Basement and Backyard (both are currently used by restaurant)
– Total: 11 Br, 6 Bath

Commercial Unit: $5,000/mo
2L (2Br/1Bath) – $1,550/mo
2R (1Br/1Bath) – $700/mo
3L (2Br/1Bath) – Owner occupied/ Vacant at Closing (Potential Rent: $2,500/mo)
3R (2Br/1Bath) – Owner occupied/ Vacant at Closing (Potential Rent: $2,500/mo)
4L (2Br/1Bath) – $1,800/mo
4R (2Br/1Bath) – $1,650/mo
Actual Rent: $188,400/Yr
Expenses: $33,500/Yr
RE Taxes: $13,148/Yr
Actual CAP RATE: 5.16%

Lot Size: 25 x 100 ft
Building: 25 x 65 ft
Zoning: C4-4A
FAR: 2.6; Max FAR: 3.45

HUGE Potential for Growth! Call TODAY for a Full Set Up!

*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

Amenities and Features

back yard

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