MIXED USE-1 COMM. UNIT & 6 RESIDENTIAL UNITS | 739 Grand St
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MIXED USE-1 COMM. UNIT & 6 RESIDENTIAL UNITS 739 Grand St
7 Unit Block of Flats £3,180,878 (£454,411/Unit) 4.48% Net Initial Yield Brooklyn, NY 11211
Investment Highlights
- TAX ABATEMENT, APPROX. 10 YEARS REMAINING
- 1st FL RESTAURANT CAN BE DELIVERED VACANT ON TITLE, ALL UNITS HAVE SEPERATE HEAT & HOT WATER
- ADDITIONAL AIR RIGHTS AVAILABLE FOR EXPANSION
Executive Summary
This is a four-story mixed-use building located in the heart of Williamsburg, constructed in 2005. The first floor features a 1650 square feet commercial unit with an additional 1650 square feet full lower level used as a prep area and two separate bathroom facilities on both floors. The current tenant is a restaurant and has no lease. The unit can be delivered VOT if needed.
The second through fourth floors each have two apartments, each approximately 800 square feet with an open layout. The second floor rear apartment includes a private balcony. All units include a separate heat and hot water system. The building has a tax abatement with approximately 10 years remaining. There are also additional air rights for potential expansion.
The location is great, only two blocks to the subway and near everything this vibrant neighborhood has to offer.
The second through fourth floors each have two apartments, each approximately 800 square feet with an open layout. The second floor rear apartment includes a private balcony. All units include a separate heat and hot water system. The building has a tax abatement with approximately 10 years remaining. There are also additional air rights for potential expansion.
The location is great, only two blocks to the subway and near everything this vibrant neighborhood has to offer.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,180,878 | Apartment Style | Mid Rise |
| Price Per Unit | £454,411 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Net Initial Yield | 4.48% | Building Size | 7,720 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built | 2005 |
| Price | £3,180,878 |
| Price Per Unit | £454,411 |
| Sale Type | Investment |
| Net Initial Yield | 4.48% |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,720 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built | 2005 |
Unit Amenities
- Balcony
- Eat-in Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Tub/Shower
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 02783-0038 | Total Assessment | £1,123,926 |
| Land Assessment | £15,033 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £1,108,893 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02783-0038
Land Assessment
£15,033
Improvements Assessment
£1,108,893
Total Assessment
£1,123,926
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | C4-4A (Zoned residential with a commercial overlay.) |
| C4-4A (Zoned residential with a commercial overlay.) |
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MIXED USE-1 COMM. UNIT & 6 RESIDENTIAL UNITS | 739 Grand St
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