407 Graham Ave
Williamsburg, Brooklyn, NY 11211
$2,888,888
Residential for Sale - #1833 - Active
c.1920
Residential & Commercial Property for SALE in Williamsburg!
this property consists of 2 Buildings on One lot
**each tenant pays all their own utilities including heat
lot size is 25x100
Zoning is R6A & C2-4
allowing for 3.0 FAR and a total of 7500 sfb if one were to building new construction
currently there is apprx. 4400 sf of Air Rights available
Front Building is 3 stories Bldg size is 25x30
the front building is consists of 2 rental units (NO LEASES, $2550 & $2400 per mo. ) 2 bedroom units
AND
one (1) store front (2 year lease) at $3000 per month until AUGUST 2022
The Rear Building has 2 units (NO LEASES)
both One (1) Bedroom Units
The rents are $1500 & $1950 per mo.
Asking price $2,888,888
Rear Building size is 18x28
Current actual Income:
$11,400.00 per mo.
$136,800.00 per yr.
Expenses:
RE TAX: $13,500.00
Water: $1700
Common Electric: $600
Insurance: $4600
Mngmnt $1100
Total :$21,500
Actual Net income: $115,300.00
Percentage Leased: 100%
Price per SF: $521