Na-eweta 697 Grand Street - A 3 nkeji, 8420 SF ụlọ eji eme atụmatụ n'obi East Williamsburg nke na-eme nke ọma. Na-egosi karịa 25' nke ije ahịa na ọwa a kachasị mma, ụlọ a na-enye ohere pụrụ iche iji nweta akụ na ụba dịgide, nke na-emepụta ego, na nnukwu ohere na ike nke ịrịba ama ya na mgbanwe ya na ọnọdụ ahịa n'efu. Ọ bụ ụlọ nke a tọụrụ n'ọrụ na 2005 nwere ọrịa ígwè na masonry, na-enye ya na ọnọdụ kachasị mma, nwere 4 ụlọ obibi na 1 ụlọ azụmahịa. Ụlọ ndị obibi bụ 900SF kwa, na-eme ka ọ bụ ụlọ nke nwere ebe abụọ/1 ịwụ, nwere nnukwu akụkụ na ime ụlọ oge a. Onye na-enye ọkụ mmiri ọkụ nke ọ bụla, ma ọ bụ nwere igwe na-agbakọta gas na elektriki, na-edobe ụgwọ nke inwe ihe na obere ọrụ. Ụlọ azụmahịa na-agba nke ọma na ụlọ ahụ, nwere ụzọ glass zuru oke n'ịsọ Grand Street, tinyere ụlọ ala na mpaghara azụ na-emeghe. Ọtụtụ ohere dị ukwuu na >4500 SF nke ebe a na ewuli elu, na ezigbo mmanụ na njedebe na etiti nke abụọ iji mepụta. Ihe ngụkọta ụgwọ 421A agaghịzi na 2033, na-eme ka ụlọ a n'agbanyeghị ọchịchị n'efu, na ọganihu rent siri ike. Ụkpụrụ 2A nke ndị na-azụ ahịa na-enye ntụkwasị obi, nke nwere ike ịtọ ntọala dịgide. Ụlọ nke East Williamsburg pụrụ iche, nke niile site na Graham Avenue na Grand Street "L" subway, nwere mmepe obibi na azụmahịa na-enwekwu ike n'ọtụtụ ụzọ. Ụzọ okporo ámá nke ukwuu na-achọ ihe na ọkpụrụkpụ ụzọ ígwè na-ahụ anya n'ihu.

NDI AHỤRỤ N'AHỤ
Okwu ọma Grand Avenue (Graham/Powers St) nwere >25' ije ahịa
E mepụtara na 2005 site na ụlọ ígwè/masonry
Ọzọ na-achọ ọkụ mmiri ọkụ na igbo gas/electric maka otu ụlọ ọ bụla
>4500 SF nke a ga-ewuli
421A Tax akwadoghi kwụsịrị na 2033
Ụzọ kachasị elu nke 6.5% Cap Rate na rent n'efu
Protected 2A Tax Class

Mpụta nke lotị: 26 ft x 125 ft
Lotị SF: 3,238
Mpụta nke ụlọ: 25.83 ft x 96.12 ft
Ụlọ SF: 8,420
Ụlọ ejikọrọ
4 Ụlọ Obibi. 1 Ụlọ Azụmahịa
FAR dị ugbu a: 2.60
FAR: 4
Ebe a ga-ewuli: 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