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Multi Family buy in New York New York
739 Grand Street is a fully occupied, turnkey, 6-unit, mid-rise multi-family building perfect for investment. Standing four stories tall, the property features a nice unit mix of one large commercial/restaurant space and six (6) oversized studio units. These units boast high ceilings and oversized windows with ample sunlight. The sturdy exterior is constructed with iron steel beams, cement blocks and brick facade. Brand new Timberline roof was added in March 2021. The lot is 18×85. The restaurant is approximately 1674 sq. feet with an additional 1674 sq. feet basement space for a total 3348 sq. feet. The basement offers ceilings which can be converted to an additional commercial property with proper permits and plans. Additionally, the restaurant has a spacious backyard. To maximize potential income there are air rights of up to 2 stories. The L train is a short distance away making this location a convenient one-fare trip into Manhattan.
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