Prime Development Site in Williamsburg at 511 Grand Street

FOR SALE

$3,600,000

511 Grand Street, Brooklyn, NY 11211

Property Description

Prime brick building in Williamsburg Tons of add value Can be combined with 507 Grand street for 7.2M

Property Details

Asset Type

Development Site

Zoning

R7A

Lot Size

2,500 SF

Neighborhood

East Williamsburg

Submarket

Brooklyn

ZIP

11211

Listing Type

sale

Purchase Price ($)

Down Payment (%)

Interest Rate (%)

Amortization

Loan Term

Gross Income ($)

Vacancy Rate (%)

Mgmt Fee ($)

Insurance ($)

Maintenance ($)

Utilities ($)

Property Taxes ($)

Reserves ($)

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$204,790

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$17,066

Annual Debt Service

$204,790

View on Map

Address

511 Grand Street

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Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale

No investors found in this market.

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Thomas Modine

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Thomas Modine

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