314 Grand StBrooklyn, NY 11211

This exceptional mixed-use property at 314 Grand Street in Williamsburg, Brooklyn, presents a compelling investment opportunity. The 3,000 square foot building, constructed in 1910, boasts a desirable location on a hard corner of a main retail and residential thoroughfare. The three-story structure features four units: two gut-renovated three-bedroom, two-bathroom apartments, each with modern amenities, and two ground-floor commercial spaces. The second-floor apartment includes private outdoor space. The property is zoned R6B, C2-4, offering flexibility for future development or expansion. With a current asking price of $3,795,000, a net operating income (NOI) of $223,905, and a 5.90% cap rate, this property offers a strong return on investment. The building benefits from its location near the L train and popular destinations like the Domino Sugar Factory, ensuring high visibility and accessibility. The property is tax class 2A protected. Significant upside potential exists in residential rents, making this an ideal investment for both cash-flow investors and end-users seeking a prime Williamsburg location. This fully free-market property offers a rare combination of income generation and prime real estate in a thriving Brooklyn neighborhood.