Introducing 697 Grand Street - Ilé ìbáṣepọ mẹta, 8420 SF ni ọkàn agbo-ẹkọ alágbàáyé East Williamsburg. Pẹlu iwontunwonsi ju 25' lọ ni ọna alágbára yìí, ohun-ini yi n pese ànfààní alailẹgbẹ lati ra ohun-ini tó dára, tó ń ṣe é sì í ṣe àkúnya, pẹlu àṣẹlẹ nla ninu tẹ́tííní rẹ àti iyipada si ipo ọjà àfẹfẹ. Ilé tó dára ti a kọ ni 2005 pẹlu ikole irin & amọ, ti a nṣe ni ipo to dara, pẹlu awọn ẹka 4 ti ara ẹni ati 1 aaye iṣowo. Awọn ile ni 900SF kọọkan, ti a ṣe ni irisi bi awọn ibi tokun/1 baluwe, pẹlu awọn iwọn nla ati irisi ode oni. Kọọkan ẹka ni oluyọ ọpọlọ tiwọn, ati pe a yàn niji fun gaasi ati itanna, ti n pa iye ẹ ownership si ibi to kere. Aaye iṣowo naa nlọ ni gbogbo igba ile, pẹlu iwontunwonsi gilaasi lẹgbẹ Grand Street, ati ipilẹ ile ati agbegbe ilẹ áfíkọ. Ànfààní tóbi pẹlu >4500 SF ti agbegbe ti a le kọ, ati ibi afihan ti o yẹ ni ilẹ keji lati ṣẹda. Atilẹyin owó 421A pari ni 2033, n ṣe iyasọtọ ohun-ini naa si ipo ọjà àfẹfẹ, ati idagbasoke iyara kirẹditi. Iru owó 2A ti o fẹran jọwọ ni idaniloju iru iṣuna ti o ni iduroṣinṣin, ti a le ṣe asọtẹlẹ. ipo East Williamsburg to dara, ni awọn iṣẹju diẹ lati iru awọn ọkọ akero Graham Avenue ati Grand Street "L", pẹlu idagbasoke ile ati iṣowo ti n lọ ni gbogbo itọsọna. Ibi eri-pada mẹta ti o lagbara ati ọna kẹkẹ ti a daabobo ni taara niwaju.

AANU INVESTMENT
Ibi Grand Avenue (Graham/Powers St) to dara pẹlu >25' iwontunwonsi
Kọ ni 2005 pẹlu ikole irin/amọ
Oluyọ omi gbigbona, gaasi / itanna ti a yà fun kọọkan ẹka
>4500 SF ti a le kọ
Iṣẹ ẹtan 421A pari ni 2033
Ànfààní si 6.5% Cap Rate pẹlu rénts ọjà àfẹfẹ
Iru owó 2A ti a daabobo

Awọn iwọn ilẹ: 26 ft X 125 ft
SF ilẹ: 3,238
Awọn iwọn ile: 25.83 ft x 96.12 ft
SF ile: 8,420
Ilé ìbáṣepọ
4 Awọn ẹka ti ara ẹni. 1 Aaye iṣowo
FAR lọwọlọwọ: 2.60
FAR: 4
Agbegbe ti a le kọ: 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