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August 01, 2006

Buy a building for the price of a condo!

Ideal investment property! Building for the price of a condo. Previously owner occupied apartment on the 2nd floor is totally luxury. Live in one unit, collect rent from the commercial downstairs or run your own business, and collect rent from the two apartments above you. 2nd floor unit will be vacant and ready for new owner occupancy -completely renovated with beautiful hardwood floors, ceiling fans, chandelier, 2 bedrooms, large master bedroom with alcove for office and master bath, spacious layout, high ceilings, storage built in everywhere. Obvious pride of ownership. Minor cosmetic repairs needed in hallways. Store & 2nd floor apartment vacant. 3rd floor apartments include studio which has an income of $700/m and 1bd with income of $1100/m. Can be delivered vacant. Full basement, large backyard with access through store. Boiler, roof and plumbing are all in excellent condition. Total yearly expenses $10,000/yr. Lot size: 20x80 Building size: 20x48 Gross SF: 2880sf Buildable/Air Rights remaining: 2560sf Zoning: C4-3 FAR: 3.4! Asking: $1.1M Great neighborhood! Lorimer L/G second stop in Williamsburg. Directly across the street from a supermarket with all other amenities a short walk away. Very busy street but quiet at night. Active nightlife in the neighborhood. New construction everywhere. On a block in a Business Improvement District so there is regular street maintenance and other benefits too. www.grandstbklyn.com Owner also selling neighboring property, 636 Grand Street. Serious development potential down the road with side by side lots in this location. Almost identical to this property.  Call Justin to set up a viewing...917-334-0887                       [co-brokering]



Do you sell buildings for lofts or just rent?

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