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Marketing Description
Besen Partners, as exclusive agent for ownership, is pleased to offer for sale 58 Graham Avenue, Brooklyn, N.Y. 11206 (The “Property”); a 4-story, 6,130± SF walk-up (S5 Class) “Primarily Five to Six Family with One Store or Office” building containing 6 residential units and one commercial unit, built circa 1931. It is located on the east side of Graham Avenue between Varet Street and Cook Street, in the East Williamsburg neighborhood of Brooklyn, NYC. The building dimensions are 25.83’ x 50.83’, Tax Class 2A, and the property is zoned C4-3. The six (6) apartments and one store are currently occupied, generating approximately $192,000 in total annual income.
Investment Highlights
- Prime retail repositioning opportunity
- Full Occupancy: All 6 residential and 1 retail units are occupied
- Reduced Operating Expenses: Tenants pay their own utilities
- Long Term Ownership: First sale in 48 years
- Under market rents: Retail unit paying $4000± below market rent
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Investment Highlights
- Four-story mixed-use building with one retail and six residential units
- Fully-occupied building providing stable cash flow
- Located within a short walk to the J & M Subway station at Flushing Ave and the L Subway Station at Montrose Ave
- High foot traffic location, one block off Broadway
- Surrounded by local and national credit retailors, including Bank of America and Verizon Wireless
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Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
Ronald H. Cohen PRO
•••.•••.5317
••ohen@•••••••••••••.com
Listing removed on
BY:
Jay Bernstein
•••.•••.8406
••••••tein@•••••••••••••••.com
Sold on
BY:
Stephen R. Preuss PRO
•••.•••.2639
srp@•••••••.com
Sold on
BY:
Kevin Louie PRO
•••.•••.2642
••ouie@•••••••.com
Sold on
BY:
Andreas Efthymiou
•••.•••.2643
•••reas@•••••••.com
Sold on
BY:
Kevin Schmitz PRO
•••.•••.2644
••••mitz@•••••••.com
Sold on
BY: Jacob Rosen
•••.•••.2732
••osen@•••••••.com
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