Updated 3 years ago
Off Market
530 Graham Ave
Greenpoint, Brooklyn | Engert Ave & Newton Street
24 Rooms6 Beds6 Baths3,750 Square FeetIncome Property
$1,950,000 $2,100,000
floors / apts3 / 6
Lot Size25'x100'
Built Size25'x50'
ZoneR6B
Building TypeTownhouse
RE Taxes$810
Price Per SF
$520
Outdoor space and views
- Backyard
- Garden Views
- Townhouse Views
Building Amenities
- Voice Intercom
- Garden
Property Description for 530 Graham Ave
Price Improvement! 6.8% cap rate in an incredible location, where Greenpoint meets Williamsburg. Just steps from McCarren and McGolrick Parks.
This six unit property presents an excellent opportunity for either an investor or an owner who can occupy the entire ground floor with a private garden and collect rents from the other 4 units above. Currently, the building consists of 6 spacious one bedroom rent stabilized apartments, 2 of which will be delivered vacant including both ground level apartments. A great value-add opportunity, the purchaser may combine the two ground floor units to create a large 3 bedroom, 2 bathroom apartment with private access to a very large and tranquil backyard. The huge cellar can be kept for private use or shared with tenants for storage.
Historic details such as tin ceilings, wall moldings, and fireplace mantles add charm, and all 6 floor-through units get plenty of light. The building has been well maintained by the current owner including a new roof that was recently replaced. This property is close to many highly acclaimed restaurants and neighborhood coffee shops and is an easy walk to the Nassau Ave G train and the Graham Ave L train. This is an excellent opportunity to own a well maintained building in a prime Greenpoint location.
The property is tax class protected and tenants pay for electric, which helps keep costs low. Full set up with rent roll and expenses provided upon request.
3,750 square feet
Building Dimensions: 25 ft x 50 ft
Lot Dimensions: 25 ft x 100 ft
Zoning: R6B
Annual Taxes: $8,982
Current FAR: 1.5
Max FAR: 2.0
There is an additional 1,250 square feet of buildable area for an extension.
This six unit property presents an excellent opportunity for either an investor or an owner who can occupy the entire ground floor with a private garden and collect rents from the other 4 units above. Currently, the building consists of 6 spacious one bedroom rent stabilized apartments, 2 of which will be delivered vacant including both ground level apartments. A great value-add opportunity, the purchaser may combine the two ground floor units to create a large 3 bedroom, 2 bathroom apartment with private access to a very large and tranquil backyard. The huge cellar can be kept for private use or shared with tenants for storage.
Historic details such as tin ceilings, wall moldings, and fireplace mantles add charm, and all 6 floor-through units get plenty of light. The building has been well maintained by the current owner including a new roof that was recently replaced. This property is close to many highly acclaimed restaurants and neighborhood coffee shops and is an easy walk to the Nassau Ave G train and the Graham Ave L train. This is an excellent opportunity to own a well maintained building in a prime Greenpoint location.
The property is tax class protected and tenants pay for electric, which helps keep costs low. Full set up with rent roll and expenses provided upon request.
3,750 square feet
Building Dimensions: 25 ft x 50 ft
Lot Dimensions: 25 ft x 100 ft
Zoning: R6B
Annual Taxes: $8,982
Current FAR: 1.5
Max FAR: 2.0
There is an additional 1,250 square feet of buildable area for an extension.
Building Details for 530 Graham Ave
OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts3/6
Transit and Citi Bike
Subway
Nassau Av
0.35 miles
Graham Av
0.47 miles
Citi Bike
Engert Ave & McGuinness Blvd
0.06 miles
Manhattan Ave & Leonard St
0.11 miles
Greenpoint | Brooklyn
Quick Profile
Go north, not west. Greenpoint’s placement at the furthermost tip of Brooklyn makes it peak “North Brooklyn” territory. Bordered by the East River, its geographical location has long made Greenpoint integral to maritime activity, present day ferry service to Manhattan included. With Williamsburg to the south and Long Island City to the north, Greenpoint’s “hip factor” often experiences crossover traffic from these areas.
Particularly bustling on the weekend, the edge of McCarren Park at Bedford Avenue and Lorimer Street filters out into prime Greenpoint, where brunch has become a hallowed tradition for newer and longtime residents alike. Bars and restaurants such as Spritzenhaus and Five Leaves also provide close proximity to a post-dining jaunt in the park.
As the neighborhood continues to grow and develop, the old world feel of a tradition of Polish immigrants has commingled with the arrival of enterprising millennials that have become a part of the go-getting spirit of the neighborhood. Filled with small coffee shops, vintage boutiques and award-winning restaurants (as well as tailored bars like TØRST offering up specialty beers on tap), Greenpoint truly is the jewel of North Brooklyn.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 91232TH
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