538 Graham Avenue   |  Brooklyn, NY 11222

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  • $4,000,000

  • Est. Monthly Payment: $1,232,123/mo
  • Today’s Mortgage Rates

Located two short blocks from McCarren Park on the border of Williamsburg and Greenpoint, this 4 story multifamily brick building is centrally located with close proximity to the G and L trains as well as the Brooklyn Queens Expressway. Being on the corner of Graham and Engert Avenue, each of the 8 fully occupied residences get great light from the building’s three exposures. All of the 7 free market units have been recently renovated with new kitchens, updated bathrooms, and recessed lighting. The building was converted to gas 5 years ago at the same time that the boilers were replaced. There are 3 one-bedroom units, 4 two-bedroom units, and 1 three-bedroom unit on the top floor which is rent stabilized. As demand continues to climb in the Williamsburg-Greenpoint neighborhood, free market rents can be raised upon lease renewal to match the rapidly appreciating market. Showings by appointment only beginning Friday the 13th at 1pm!Financials:Expenses: Taxes $ 11, 017.52Insurance $ 4, 984.00Heating $ 5, 361.00Electric $ 756.00Water/Sewage $ 5, 800.00 Total Annual Expenses: $27,918Total Annual Income: $190,752Net Operating Income: $162,834

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Property Features

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Interior Features
  • Bedrooms: 14
  • Full Baths: 8
  • Rooms: 40
  • SQFT: 7838
Exterior Features

Utilities

Additional and Community Information

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Additional
  • Property Type: Single Family
  • Subdivision: Manhattan
  • Annual Taxes: $11,017
Community

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