739 Grand St
Brick 4 story mixed use building in the heart of Williamsburg. Constructed in 2005 and featuring 6 open layout apartments approx. 800 s/f each. The 2nd fl rear apt. has a private balcony. The 1st fl. consists of a restaurant which is 1650 s/f + a 1650 s/f full basement with 2 separate bathroom facilities and can be delivered VOT. There is a tax abatement with approx. 11 years until expiration. Great Location, only 2 blocks to subway and near everything this vibrant neighborhood has to offer. Apts. are rent stabilized.
Property Description
Brick 4 story mixed use building in the heart of Williamsburg. Constructed in 2005 and featuring 6 open layout apartments approx. 800 s/f each. The 2nd fl rear apt. has a private balcony. The 1st fl. consists of a restaurant which is 1650 s/f + a 1650 s/f full basement with 2 separate bathroom facilities. There is a tax abatement with approx. 11 years until expiration. Great Location, only 2 blocks to subway and near everything this vibrant neighborhood has to offer. Apts. are rent stabilized.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Multifamily type: | Mixed-Use |
| Price: | $4,500,000 |
| No. of Units: | 7 |
| Year Built: | 2005 |
| Building Size: | 7,722 Sq ft |
| Lot Size: | 2,250.00 Sq ft |
| No. of Stories: | 4 |
| Zoning Code: | C4-4A |
| Opportunity Zone: | No |
| Price per unit: | $642,857 |
| Property Website | Click Here |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Financial year: | 2023 |
| Gross income: | 226800 |
| Operating expenses: | 47627 |
| Net operating income: | 179172 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Joseph V. Crifasi | 7189300040 | [email protected] |
| Joseph V. Crifasi | 7188215999 | [email protected] |
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