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696 Grand St Brooklyn, NY 11206

Sponsored
For Sale
$2,500,000

Brooklyn 2-Family + Store, Value-Add Opportunity

Property size:
2,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional multifamily investment property, located at 696 Grand Street in Brooklyn, NY 11206, presents a compelling opportunity for owner-occupants or investors. The three-story, Class B building boasts 2,000 square feet on a 2,000 square foot lot (20' x 100'). Currently configured as a two-family dwelling and a vacant ground-floor retail space, the property offers significant upside potential. The asking price is $2,500,000, translating to $1,250 per square foot. One apartment is currently occupied, generating a net monthly rent of $2100, while the second apartment and the store are vacant, allowing for immediate value-add improvements and increased rental income. The building underwent renovations seven years ago. Situated in a high-traffic area of Brooklyn, this property benefits from its prime location and strong potential for rental growth. The building dimensions are 20' x 80'. This is a rare opportunity to acquire a value-add multifamily property in a thriving Brooklyn neighborhood. The property is not subject to a ground lease.

Property Features for 696 Grand St

General Information

Property type
Multifamily properties
Square Feet
2,000 SF
Class
B

Building Details

Year Renovated
7
Stories
3
Units
2

Property Profile Location Intelligence

Current Use by Public Records

Disinfection Services NYC Commercial Cleaning Service Brooklyn Kitchen Remodeling Kitchen Remodeler Willaimsburg House Painters Painter

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9565551
Latitude
40.7093358

FAQs

What type of property is this?
Multifamily property - Brooklyn 2-Family + Store, Value-Add Opportunity
Where is this multifamily property located?
The property is located at 696 Grand St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
More about this property
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