07/23/2025
**For Sale: Prime Mixed-Use Investment in Williamsburg**
**347 Graham Avenue, Brooklyn, NY 11211**
**Asking Price:** $4,200,000 (Make an Offer)
**Rents:**
- APT 1: $2,650 (No Lease)
- APT 2: $3,200 (No Lease)
- Store: $8,210 (Lease Expires May 2026)
**Total Rent:** $168,720
**Expenses:**
- Real Estate Tax: $6,619
- Insurance: $7,500
- Gas: ~$3,000
- Water: ~$2,000
**Total Expenses:** $19,219
**NOI:** $149,501
**Highlights:**
- **Prime Location:** Steps from Graham Ave L train with 10,000+ daily riders. Surrounded by high-density residential and thriving businesses.
- **Retail Tenant:** Ground-floor leased to popular restaurant “Mothers” until June 2026.
- **Residential Flexibility:** Two large apartments (900 SF each) will be delivered vacant.
- **Rare Opportunity:** No other properties for sale on Graham Ave within 8 blocks.
- **Development Potential:** Zoned R6A/R7A/C2-4 with 522 SF of unused FAR, allowing expansion up to 4,125 SF.
**Property Details:**
- **Building Size:** 3,602 SF
- **Lot Size:** 1,375 SF (20’ × 68.75’)
- **Year Built:** 1901
- **Residential Units:** 2 (1,800 SF)
- **Commercial Unit:** 1 (900 SF)
- **Zoning:** R6A / R7A / C2-4
- **Taxes (2024):** $6,732
This is a unique opportunity for both investors and end-users in one of Brooklyn’s hottest areas!
