269 Grafton Street (the "Property") is a multifamily apartment building constructed in 1910, and comprised of nine units within one, three-story walk-up building. The Property is on 0.09 acres and is currently 100.00% occupied. The current unit mix includes seven 1BR/1BA, and two 2BR/1BA units. Many of the renters have been at the Property since April 2015. Surrounding land uses primarily consist of residential and several commercial properties, including supporting retail uses. There are several public transportation stops in the immediate area as well as several schools including Riverdale Avenue Community School, Ascend Charter Schools, Brownsville Ascend Charter, Brownsville-Ascend Middle School, PS 219 Kennedy-King Elementary School, PS 156 Waverly, PS 41, and PS 165 Ida Posner. Medical facilities in the area include Kingsbrook Jewish Medical Center, The Brookdale University Hospital and Medical Center, Brookdale Hospital, Utica Medical Center, St Judes Medical Center, and St Jude Treatment Center. This offering presents a new owner with the opportunity to operate a conveniently located stabilized income producing apartment building with the potential of adding value by
This offering presents a new owner with the opportunity to operate a conveniently located stabilized income producing apartment building with the potential of adding value by market rent escalations.
