354 Grand St, Brooklyn, NY 11211

Description

Unique investment opportunity on a desirable Williamsburg commercial corridor on Grand Street between Havemeyer and Marcy Streets. This well-maintained, two-story building features a large ground-level retail/commercial space, currently operating as a prominent cocktail/music venue, and two 2-bedroom, 1-bathroom loft-like residential units on the top second floor.

The commercial space was recently fully renovated. The two residential units are in great condition and are unique, attractive rental units for the area, featuring large open living/dining rooms, open kitchens, skylights and spacious bedrooms. Inquire for proforma and lease terms. Showings can be scheduled weekdays, 10:00am-4:00pm.

Property Information:
Excellent location on Grand Street commercial corridor, easily accessible to trains and vehicle traffic.
Mixed-use building.
Lot Size: 25 ft x 77 ft
Building Size: 25 ft x 73 ft
Building square footage: 3,650 SQFT
1 Commercial/Retail space, 1,825 SQFT
2 Residential, market-rate units: 1,825 SQFT (both 2-bed/1-bath)
Electric all separately metered for the three units.
No gas lines.
Split systems for all units.
Zoning: R6B, C2-4
2 Stories
1 Commercial/Retail space, currently configured and used as cocktail/music venue (“Freds”).
2 Residential, market-rate units
Commercial and residential units all recently fully renovated.
Year Built: 1950
Brick/masonry construction
Block & Lot: 02396-0016
Property taxes: $17,405.48 / Annual
Residential unit market rate rents: $4,500-4,950
Offered at: $3,200,000