Listed by IPRG Investment Property Realty Group
$3,500,000
321 Grand Street
Details
APN 02384-0037
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 3,162
Units 3
Cap Rate 1.59%
NOI $55,742
Tenancy Multi
Pro-Forma Cap Rate 6.38%
Pro-Forma NOI $223,410
Price per SqFt $1,107
Year Built 1870
Stories 3
Lot Size (SqFt) 2,042
Zoning R6B, C2-4
Investment Type Value Add
Multifamily | 3 Units | $1,166,667/unit
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 321 Grand Street. The subject property is located between Havemeyer Street and Marcy Avenue in the Williamsburg section of Brooklyn.
The property offers 2 apartments above 1 retail space. 321 Grand Street is built 20.42 ft x 65 ft on the first floor and 20.42 ft x 45 ft on the second and third floors, offering approximately 3,165 square feet on a 20.42 ft x 100 ft lot.
The property is located within close proximity to the L and G subway lines.
Investment highlights
Listing Contacts
Listed by IPRG Investment Property Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,742.00
$4,645.17/mo
Valuation Metrics
0
DSCR
1.59%
Cap Rate
1.59%
ROI
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