MLS # | 868262 |
Details | 3 fam, 5 bed, 2 bath, AC, Lot Size: 0.03 acres, 3 Units in the building (DOM): 37 days |
Construction Year | 1901 |
Taxes (per year) | $6,732 |
Fuel Type | Gas |
Air Conditioning | Wall Unit AC |
Basement | Full basement |
Bus | 0 min: B43 |
1 min: B24 | |
4 min: Q54, Q59 | |
5 min: B48 | |
10 min: B60 | |
Subway | 1 min: L |
8 min: G | |
LIRR | 1.9 miles: "Hunterspoint Avenue" |
1.9 miles: "Long Island City" | |
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Prime 2 Family + Store Mixed-Use Investment Opportunity in the Heart of Williamsburg!
Positioned just one block from the Graham Avenue L train station, 347 Graham Avenue offers an outstanding opportunity to own a rarely available mixed-use property in one of Brooklyn’s most sought-after retail corridors. With 2 full-floor apartments and a popular restaurant tenant in place, this asset is ideal for both investors and end-users.
The key features are:
- Unmatched Location: Steps from the Graham Ave L train, with 10,000+ daily riders and surrounded by a high-density, high-income residential base. Graham Avenue sees steady foot and vehicle traffic, driven by thriving small businesses, boutiques, and nightlife.
- Retail Tenant – “Mothers” (Through June 2026): Ground-floor retail is leased to Mothers, a well-loved local restaurant. The lease runs through June 2026, providing short-term flexibility or long-term stability depending on your investment goals.
- Residential Flexibility: 2 large apartments (approx. 900 SF each) will be delivered vacant, offering strong rental upside or owner occupancy. One of them is 3BR/1BA and the other one is 2BR/1BA.
- Zero Inventory on the Block: There are no other properties listed for sale on Graham Ave within 8 blocks, making this a rare opportunity to acquire a prime corner of Williamsburg’s retail spine.
- Development Potential: Zoned R6A/R7A/C2-4 with 522 SF of unused FAR—expand or redevelop up to 4,125 SF total.
Building: 20 x 40 ft
Lot: 20 x 68.75 ft
Zoning: R6A, R7A, C2-4
FAR: 2.62; Max FAR: 3
Taxes: $6,732/Yr
Whether you are an end-user looking to establish a flagship presence, or an investor seeking a low-supply, high-demand location, 347 Graham Avenue is a true Williamsburg gem.
Don’t Miss This Great Opportunity! © 2025 OneKey™ MLS, LLC