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696 Grand St Brooklyn, NY 11206

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For Sale
Contact for pricing

Brooklyn 2-Family + Store, Value-Add Opportunity

Property size:
2,000 SF

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

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Listing Contact
Gus Ktistakis
Gus Ktistakis

Listing Agent: Gus Ktistakis

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Disinfection Services NYC Commercial Cleaning Service Brooklyn Kitchen Remodeling Hardware & Home Improvement Willaimsburg House Painters Painting Service

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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.
(347) 623-0716 Call to check price and availability
More about this property
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