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706 Grand Street - Availability Details

706 Grand Street, Brooklyn, NY 11211

  • For Sale $3,700,000
  • City Brooklyn
  • Neighborhood Williamsburg
  • Zip Code 11211
  • Market Brooklyn
  • Property Type Mixed Use
  • Property Size 6,500 Sqft
  • Lot Size 2,500 Sqft
  • Date Updated 28 Aug, 2020

Four (4) Story, 7 Unit East Williamsburg Mixed-use Building Prime Owner-User Opportunity. 706 Grand Street is a 4-story, mixed-use building located on one of East Williamsburg's busiest retail corridors. The building's retail component offers roughly 1,400 square feet. The residential unit mix is comprised of one 1-bedroom and five railroad 2-bedroom units. All of the residential units are on month-to month leases and the retail space will be delivered vacant. The current owner has owned and attentively managed the building for nearly three decades. The electricity was recently upgraded and each unit has individual breaker boxes. The building also has a full basement and backyard. The property is situated in an ideal location on Grand Street and is a short two-block walk to the L train at Grand Street. Popular neighboring establishments include The Grand Bar & Grill, Le Barricou, and Bushwick Country Club. With residential and retail rents in East Williamsburg increasing sharply, 706 Grand Street presents investors with tremendous location and revenue upside. It also represents an opportunity for a user to capitalize on a rapidly up and coming area.

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Contacts

broker

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

broker

Jonathan Berman

Ariel Property Advisors

(212) 544-9500 x 20

broker

Dov Chein

Ariel Property Advisors

(212) 544-9500 x 28

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