Updated 16 days ago
In contract

666 Grand Street

East Williamsburg, Brooklyn | Leonard Street & Manhattan Ave

23 Rooms11 Beds7.5 Baths5,500 Square FeetIncome Property

$2,200,000
floors / apts4 / 6
Lot Size25'x55'
Building TypeLow-Rise
RE Taxes$21,168
Price Per SF
$400

Outdoor space and views

  • Backyard [25'x20']

Building Amenities

  • Voice Intercom

Property Description for 666 Grand Street

Opportunity is Knocking!!! Rare find lifetime investment property in the heart of one of NYC's most sought after neighborhoods, Williamsburg!
This X-LG Rent Stabilized Mixed Use building is a 6 Family plus a store and offers tremendous upside potential!

Built 25 x 55, this 4 story Brick building has been in the same family for over 60 yrs and has been lovingly maintained throughout with a new Boiler & new Gas Pipes just recently installed in 2023.
All 6 residential apartments have a railroad layout, 5 of which are 2BR with an eat-in kitchen and a full bathroom and 1 apartment is a 1BR apartment. A Doctor's office is currently occupying the retail floor and there is a Finished basement!

The building offers 25 Feet of Frontage and is ideally located just one block from the bustling intersection of Grand St and Graham Ave. It is also super close to public transportation, and is walking distance to the highly revered McCarran Park or Williamsburg's hottest and trendiest bars, restaurants, and shopping.

One apartment and the commercial store will be delivered vacant at closing.

Perfect for Owners/Users or investors, Call for more details!
(floorpan is coming...)

Lot: 25 X 75 ft
Building: 25 X 55 ft
Building SF: 5500
Zoning: C4-4A
FAR: 2.93
MAX FAR: 4
Unused FAR: 2000SF
Taxes: $22,106/Yr
Current rent roll: $144,065/yr
Total Expenses: $39,377/yr

Listing History for 666 Grand Street

Now
01/11/2024
Contract Signed by David Hubschman
Douglas Elliman
2024

Building Details for 666 Grand Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/6
Learn More About the Building

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

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: 92941TH