Prezante 697 Grand Street - Yon bilding 3 etaj, 8420 pye kare ki melanje itilizasyon nan kè East Williamsburg ki ap fè byen. Li gen plis pase 25 pye devan nan koridò sa a ki trè premye, pwopriyete a ofri yon opòtinite ra pou akeri yon byen ki stab, ki pwodwi revni, ak yon gwo potansyèl nan kapasite pou konstwi ak konvèsyon nan estati mache gratis. Solid konstriksyon an 2005 ak asye ak maçonnerie, ofri nan kondisyon ekselan, ak 4 inite rezidansyèl ak 1 espas komèsyal. Apatman yo se 900 pye kare chak, konfigire kòm inite 2 chanm/1 twalèt, ak gwo pwopòsyon ak modèn fini. Chak inite gen pwòp chofaj dlo cho, ak yon metè endividyèl pou gaz ak elektrik, sa ki kenbe coût pwopriyetè a nan yon minimòm. Espas komèsyal la kouri sou tout longè bilding lan, ak tout vit glas devan sou Grand Street, plis yon sousòl ak yon zòn sou do a ki ouvè. Potansyèl masif ak >4500 pye kare zòn ki ka konstwi, ak yon RETRAIT ideyal sou dezyèm etaj la pou kreye. Ekspiryasyon egzansyon taks 421A a se nan 2033, sa ki ap deregle pwopriyete a pou estati mache gratis, ak gwo kwasans lwaye. Klas taks 2A ki an chaj la asire yon bidjè estab, previzib. Lokalizasyon eksepsyonèl nan East Williamsburg, kèk minit soti nan tou de Graham Avenue ak Grand Street "L" métro, ak devlopman rezidansyèl ak komèsyal ki ap fleri nan tout direksyon. Trotwa triyang-laj ak yon chemen bisiklèt pwoteje dirèkteman devan.

POU VANN ENVESTISMAN
Lòt plas Grand Avenue (Graham/Powers St) ki gen plis pase 25 pye devan
Bati an 2005 ak konstriksyon asye/maçonnerie
Chofaj dlo cho separe ak metè gaz/elektrik pou chak inite
>4500 pye kare ki ka konstwi
Ekspansyon egzansyon taks 421A a fini nan 2033
Potansyèl pou 6.5% to kapital ak lwaye mache gratis
Klas Taks 2A pwoteje

Dimansyon tè a: 26 pye X 125 pye
Tè SF: 3,238
Dimansyon bilding lan: 25.83 pye x 96.12 pye
Bilding SF: 8,420
Bilding Melanje
4 Inite Rezidansyèl. 1 Espas Komèsyal
FAR aktyèl: 2.60
FAR: 4
Zòn ki ka konstwi: 4533 SF

Introducing 697 Grand Street - A 3 story, 8420 SF mixed use building in the heart of thriving East Williamsburg. Boasting over 25' of frontage in this super-prime corridor, the property presents a rare opportunity to acquire a stable, income producing asset, with tremendous upside in its buildability and conversion to free market status. Solid 2005 build with steel & masonry construction, offered in excellent condition, with 4 residential units and 1 commercial space. The apartments are 900SF each, configured as 2 bedroom/1 bath units, with large proportions and modern finishes. Each unit has its own hot water heater, and is individually metered for gas and electric, keeping ownership costs to a minimum. The commercial space runs the full span of the building, with full glass frontage along Grand Street, plus basement and open back lot area. Massive potential with >4500 SF of buildable area, and an ideal setback on the second floor to create. The 421A tax exemption expires in 2033, deregulating the property to free market status, and robust rent growth. Desirable 2A tax class ensures a stable, predictable budget. Exceptional East Williamsburg location, minutes from both Graham Avenue and Grand Street "L" subways, with flourishing residential and commercial development in every direction. Triple-wide sidewalk and protected bike lane directly outside.

INVESTMENT HIGHLIGHTS
Superb Grand Avenue (Graham/Powers St) location with >25' frontage
Built in 2005 with steel/masonry construction
Separate hot water heaters & gas/electric meters for each unit
>4500 buildable SF
421A Tax abatement expires in 2033
Upside to 6.5% Cap Rate with free market rents
Protected 2A Tax Class

Lot dimensions: 26 ft X 125 ft
Lot SF: 3,238
Building dimensions: 25.83 ft x 96.12 ft
Building SF: 8,420
Mixed Use Building
4 Residential Units. 1 Commercial Space
Current FAR: 2.60
FAR: 4
Buildable Area: 4533 SF