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630 Grand St
Brooklyn, NY 11211
Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Fully amenitized building and electric building.
- 35-Year 421a tax abatement, expiring in 2058 and exempt from Good Cause Eviction
- Surrounded by top dining, cafés, and nightlife, with McCarren Park only a short walk away
- Located just 3 minutes to the Grand Street L train and 8 minutes to the Metropolitan Avenue G train
- Mix of spacious one- and two- bedroom residences, many with private outdoor space
- Meticulously constructed units with no capital expenditures needed in the near future
EXECUTIVE SUMMARY
Avison Young, as the exclusive agent, is pleased to offer for sale 630 Grand Street (the “Property”), a 7-story, mixed-use elevator building located on the south side of Grand Street between Leonard Street and Manhattan Avenue in Williamsburg. The Property spans approximately 18,322 ± square feet and consists of twenty (20) residential units above one (1) ground floor retail unit. The retail unit is occupied by Fly Nails through 2030.
PROPERTY FACTS
| Sale Type | Investment | Building Class | B |
| No. Units | 20 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 18,322 SF |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Zoning | C4-4A - General commercial district allowing a mix of uses like retail, offices, entertainment, community facilities, and residential buildings. | ||
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 18,322 SF |
| No. Stories | 7 |
| Year Built | 2023 |
| Zoning | C4-4A - General commercial district allowing a mix of uses like retail, offices, entertainment, community facilities, and residential buildings. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | - |
PROPERTY TAXES
| Parcel Number | 02787-0010 | Improvements Assessment | $2,146,950 |
| Land Assessment | $410,400 | Total Assessment | $2,557,350 |
PROPERTY TAXES
Parcel Number
02787-0010
Land Assessment
$410,400
Improvements Assessment
$2,146,950
Total Assessment
$2,557,350
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