306 - 308 Graham Avenue - 2 Building Package | Prime Williamsburg

Highlights:

• Two Building Package - 1 Elevator and 1 Walkup
• +/- 12,780 SF with an additional +/- 2,220 SF of Air Rights
• Located on Prime Corner of Williamsburg (Ainslie St. and Graham Avenue)
• ALL FREE MARKET APARTMENTS
• 5 Apartments + 3 Retail + 1 Beautifully renovated office space
• Upside in the in-place rents
• +/- 2,220 SF of air rights to build on top of 308 Graham Ave or reconstruct a new building at 306 Graham Avenue

Description:

308 Graham Avenue (AKA 252-260 Ainslie Street) & 306 Graham Avenue (“Properties”) are situated on a +/- 5,000 SF lot on the southeast corner of Ainslie Street and Graham Avenue. The R6A/C2-4 zoned lot, is improved with three (3) attached three-story plus basement mixed-use buildings, containing an aggregate +/- 12,780 SF of above grade gross building area. The properties are located in a prime area of Williamsburg and are only a 3-minute walk (two blocks) to the L subway station at the corner of Graham Avenue and Metropolitan Avenue.

An incredible corner location with 50’ frontage on Graham Avenue and 100’ of frontage on Ainslie Street, the properties consist of 3 retail tenants, 5 apartments and one full floor office space. The properties are 100% occupied and provide a diversified income stream that offers future upside to an investor through renovations and increasing rents to market. There is potential to add-value in utilizing the 2,220 SF of available air rights for a vertical expansion of 308 Graham Avenue/252-260 Ainslie Street or by re-developing 306 Graham and utilizing the air rights to construct a new building. Additionally, an investor has the opportunity to create a roof deck amenity with incredible views of the Manhattan skyline. 258 Ainslie Street has a curb cut and garage door which has been covered over but can be reactivated for future use.

306 Graham Avenue is a +/- 2,050 NRSF separate frame building with one duplex apartment with private backyard access and 1 retail tenant, a barber shop. 308 Graham Avenue/252-260 Ainslie Street is a corner property serviced by a recently upgraded and modernized elevator and consists of 2 retail tenants, 4 incredible loft apartments with almost 11’ ceilings and exposed brick and one full-floor beautifully renovated office space.

306 & 308 Graham Avenue provide a rare opportunity to acquire a corner package in a prime area of Williamsburg that is in high demand due to its historical loft character and all free market status.

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