135 Grand Street
Mixed Used Brick Gem in the Heart of Williamsburg Prime - Grand Street! Existing 6.5% cap rate!!!
Marketing description
Property Highlights:
Expansive Footprint: An exceptionally wide brick building exceeding 25 feet in frontage.
Substantial Space: 5,500 square feet above grade, plus a full basement currently reserved for the owner (offering prime value-add potential for tenant storage cages or a communal laundry room).
Favorable Unit Mix: Comprised of 6 residential units and 1 large, highly visible retail space. Three of the residential units are currently upgraded with dishwashers.
Investment Upside: 50% of the residential units are rent-stabilized, but legal rents are significantly higher than the current preferential rents, offering an immediate pathway to increased ROI.
Retail Flexibility: The ground floor features a new short-term retail tenant, providing cash flow with future flexibility for the new owner.
Unmatched Location & Transit:
World-Class Amenities: Located just around the corner from major neighborhood anchors, including Whole Foods, Apple, WeWork, and Equinox.
Waterfront Access: A brief, 3-block stroll to the iconic Williamsburg waterfront.
Effortless Commute: Exceptionally well-connected. Enjoy a quick 5-minute walk to the Marcy Ave J/M/Z station, or a 7-block walk to the Bedford Ave L train station.
Investment highlights
135 Grand Street - Prime Northside Williamsburg Mixed-Use Opportunity
Presenting a rare gem in the heart of Williamsburg’s coveted Northside. Situated at the bustling nexus of Bedford Avenue and Grand Street, this massive brick property boasts the largest mixed-use lot on the block. With significant upside potential and an unbeatable location, this is a premier addition to any real estate portfolio.
Note to Investors: We have a broader portfolio of properties available in the area. Please inquire for more details on this listing and other exclusive building opportunities.
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