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 Apartment Building $4,360,749 CAD ($622,964 CAD/Unit) 4.48% Cap Rate 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,360,749 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $622,964 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 4.48% | Building Size | 7,720 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2005 |
| Price | $4,360,749 CAD |
| Price Per Unit | $622,964 CAD |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,720 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2005 |
Unit Amenities
- Balcony
- Eat-in Kitchen
- Hardwood 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 | $2,011,038 CAD |
| Land Assessment | $26,899 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,984,139 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02783-0038
Land Assessment
$26,899 CAD
Improvements Assessment
$1,984,139 CAD
Total Assessment
$2,011,038 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/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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