Ipinapakilala ang 697 Grand Street - Isang 3 palapag, 8420 SF na gusaling may halo-halong gamit sa puso ng umuunlad na East Williamsburg. Nag-aalok ng higit sa 25' ng frontage sa super-prime na pasilyong ito, ang ari-arian ay nag-aalok ng bihirang pagkakataon na makakuha ng isang matatag na asset na lumilikha ng kita, na may malaking potensyal sa kakayahang itayo at pagbabago sa katayuan ng free market. Matibay na itinayo noong 2005 gamit ang bakal at masonry, inaalok sa mahusay na kondisyon, na may 4 na residential units at 1 commercial space. Ang mga apartment ay may sukat na 900SF bawat isa, naka-configuration bilang 2 kwarto/1 banyo na yunit, na may malalaking sukat at modernong mga finishing. Ang bawat yunit ay may sariling hot water heater, at may sariling metro para sa gas at kuryente, pinapanatili ang gastos sa pagmamay-ari sa minimum. Ang commercial space ay sumasaklaw sa buong haba ng gusali, na may buong salamin na harapan sa kahabaan ng Grand Street, kasama ang basement at bukas na likurang bahagi. Malawak ang potensyal na may higit sa 4500 SF ng maaaring itayo na lugar, at isang perpektong setback sa ikalawang palapag upang lumikha. Ang 421A tax exemption ay mag-eexpire sa 2033, na nagtatanggal ng regulasyon sa ari-arian patungo sa katayuan ng free market, at nakabubuong pagtaas ng renta. Ang kanais-nais na 2A tax class ay nagtutiyak ng isang matatag at inaasahang badyet. Natatanging lokasyon sa East Williamsburg, ilang minuto mula sa parehong Graham Avenue at Grand Street "L" subways, na may umuunlad na residential at commercial development sa bawat direksyon. Triple-wide na sidewalk at protektadong bike lane direkta sa labas.

MGA PUNTO NG PAMUMUHUNAN
Napakahusay na lokasyon sa Grand Avenue (Graham/Powers St) na may higit sa 25' ng frontage
Itinayo noong 2005 gamit ang bakal/masonry na konstruksyon
Hiwa-hiwalay na hot water heater at mga metro ng gas/kuryente para sa bawat yunit
Higit sa 4500 buildable SF
421A Tax abatement ay mag-eexpire sa 2033
Potensyal na 6.5% Cap Rate na may mga renta sa free market
Protektadong 2A Tax Class

Mga sukat ng lote: 26 ft X 125 ft
Laki ng Lote: 3,238
Mga sukat ng gusali: 25.83 ft x 96.12 ft
Laki ng Gusali: 8,420
Halo-halong Gamit na Gusali
4 na Residential Units. 1 Commercial Space
Kasalukuyang FAR: 2.60
FAR: 4
Maaaring itayo na Lugar: 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