428 Graham Ave

This is a prime mixed-use property loaded with potential on the highly desirable Graham Avenue. It is ideal for an in user (run your business on the first floor and live above), as a new development project or for an investor looking for a great return. The building is 4 blocks to the Graham Avenue L train, 4 blocks from McCarren park and nestled amongst all the great restaurants and stores that Williamsburg has to offer. The building will be delivered vacant upon closing. The zoning is an R6A/C2-4, with an FAR of 3. The lot is 21x100 with a total of 6,300SF available. The sturdy brick building has three floors, 21 x 53 equalling 3,339SF with 2,961SF of buildable air rights. The commercial is 1,113SF with 11' ceilings and is ideal for a restaurant. The 987SF outdoor space has serious potential for a garden/backyard. The basement has 6.5' ceilings, is solid, dry and could be dug out to be used as a prep kitchen. All new electric and gas meters. The two residential floors are each 1,113SF and are currently set up as large 2 bedrooms. They have incredible sunlight and have the original wood floors running throughout. There is great potential to convert these to two 3BR's to maximize your income. The stairwells are wide and in great condition. The roof was redone 3 years ago. The brick frontage and rear were repointed recently as well. SHOWING BY APPOINTMENTS ONLY