530 Graham AVE Greenpoint, NY 11222

Price Improvement! Incredible location, where Greenpoint meets Williamsburg. Just steps from McCarren and McGolrick Parks. This six unit property presents an excellent opportunity for either an investor or an owner who can occupy the entire ground floor with a private garden and collect rents from the other 4 units above. Currently, the building consists of 6 spacious one bedroom rent stabilized apartments, 2 of which will be delivered vacant including both ground level apartments. A great value-add opportunity, the purchaser may combine the two ground floor units to create a large 3 bedroom, 2 bathroom apartment with private access to a very large and tranquil backyard. The huge cellar can be kept for private use or shared with tenants for storage. 3,750 square feet Building Dimensions: 25 ft x 50 ft Lot Dimensions: 25 ft x 100 ft Zoning: R6B Monthly Taxes: $810 Current FAR: 1.5 Max FAR: 2.0 There is an additional 1,250 square feet of buildable area for an extension.