Prezante 697 Grand Street — yon bilding 3 etaj, 8,420 pye kare, ki sèvi pou plizyè itilizasyon, nan kè East Williamsburg, yon katye k ap devlope anpil. Avèk plis pase 25 pye fasad sou koridò premye klas sa a, pwopriyete a ofri yon okazyon ra pou achte yon byen ki estab e ki pwodui revni, ak gwo potansyèl pou ajoute espas nan bilding nan epi konvèti li pou l antre sou mache lib la. Bati solid an 2005 ak estrikti an asye ak masonry, li prezante nan ekselan kondisyon, ak 4 apatman rezidansyèl ak 1 lokal komèsyal. Chak apatman mezire 900 pye kare, epi yo chak gen 2 chanm ak 1 twalèt, ak gwo espas ak fini modèn. Chak inite gen pwòp aparèy pou chofe dlo pa li, epi li gen kontè gaz ak elektrisite apa, sa ki kenbe depans pwopriyetè a nan yon minimòm. Lokal komèsyal la kouvri tout longè bilding nan, ak yon fasad an vè sou tout longè li sou Grand Street, ansanm ak yon sousòl ak yon espas lakou dèyè ki louvri. Gwo potansyèl, ak plis pase 4,500 pye kare espas ki kapab bati, ansanm ak yon retrè ideyal nan dezyèm etaj la pou kreye. Egzanpsyon taks 421A a ap ekspire an 2033; apre sa, pwopriyete a ap antre sou mache lib la, sa ki bay bon potansyèl pou ogmantasyon lwaye. Klas taks 2A a, ki trè dezirab, garanti yon bidjè ki estab e previzib. Kote eksepsyonèl nan East Williamsburg, a kèk minit ni de estasyon tren Graham Avenue ni de estasyon tren Grand Street sou liy “L” la, ak devlopman rezidansyèl ak komèsyal k ap grandi toutotou. Gen yon twotwa ki lajè twa fwa nòmal la ak yon liy bisiklèt pwoteje dirèkteman devan bilding nan.

PWOENSIP ENPÒTAN POU ENVESTISMAN

- Ekselan kote sou Grand Avenue (Graham/Powers St), ak plis pase 25 pye fasad
- Bati an 2005 ak estrikti an asye ak masonry
- Aparèy pou chofe dlo apa ak kontè gaz/elektrisite apa pou chak inite
- Plis pase 4,500 pye kare espas ki kapab bati
- Egzanpsyon taks 421A a ap ekspire an 2033
- Potansyèl pou rive nan yon to kapitalizasyon 6.5% ak lwaye sou mache lib
- Klas taks 2A ki pwoteje

Dimansyon tè a: 26 pye × 125 pye
Sipèfisi tè a: 3,238 pye kare
Dimansyon bilding nan: 25.83 pye × 96.12 pye
Sipèfisi bilding nan: 8,420 pye kare
Bilding ki sèvi pou plizyè itilizasyon
4 inite rezidansyèl, 1 lokal komèsyal
FAR aktyèl: 2.60
FAR: 4
Sipèfisi ki kapab bati: 4,533 pye kare

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