For Sale
$3,800,000

176 Graham Ave Brooklyn, NY 11206

Prime Brooklyn retail & residential building. High ROI.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Williamsburg, Brooklyn property at 176 Graham Ave presents a lucrative investment opportunity. Priced at $3,800,000, this mixed-use building boasts a strong 5.95% capitalization rate and a substantial net operating income (NOI) of $210,549. The property comprises one retail space currently leased to a pizzeria generating $4,800 in monthly rent, and five fully deregulated residential units. Three of the residential units are three-bedroom apartments, each commanding $3,950 in monthly rent. The remaining two units are two-bedroom apartments, renting for $2,600 and $2,650 per month, respectively, and one additional two-bedroom unit renting for $2,800 per month. The building is in excellent condition and enjoys a highly desirable location in Williamsburg, offering convenient access to the G, L, J, and M subway lines. This presents significant potential for future growth and increased rental income. The strong tenant base and consistent cash flow make this a compelling investment for discerning buyers seeking a stable and appreciating asset in a vibrant Brooklyn neighborhood. All units are currently occupied. This is a rare opportunity to acquire a well-maintained, income-producing property in a prime location with significant upside potential.

Highlights

  • 1 Retail space and 5 fully deregulated residential units.
  • Excellent building condition.
  • Conveniently located near the G, L, J, and M subway lines.
  • Significant upside potential for rental income growth.
  • Strong rent roll with a pizzeria generating $4,800/month, three 3-bedroom units at $3,950/month each, and two 2-bedroom units at $2,600 and $2,650/month, plus one additional 2-bedroom unit at $2,800/month.

Property Details for 176 Graham Ave

Property type
Retail properties

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.7077864
Longitude
-73.9430348

FAQs

What type of property is this?
Retail property - Prime Brooklyn retail & residential building. High ROI.
Where is the retail property located?
The property is located at 176 Graham Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 1 Retail space and 5 fully deregulated residential units.; Excellent building condition.; Conveniently located near the G, L, J, and M subway lines.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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176 Graham Ave
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