$3,999,000
$201K PRICE DROP

Estimated payment $22,182/month

Total Views 2,223
5 Beds
2 Baths
3,600 Sq Ft
$1,111 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1-minute walk to Graham Avenue
  • Eat-In Kitchen
  • P.S. 132 The Conselyea School Rated A-
  • High Ceiling
  • Ceiling Fan

About This Home

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!

Listing Agent

Theo Eastwind

Capri Jet Realty Corp Brokerage Phone: 718-388-2188 License #10301212398 Listed on: 05/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,732

Year Built

  • Built in 1901

Lot Details

  • 1,375 Sq Ft Lot

Home Design

  • Triplex
  • Frame Construction

Interior Spaces

  • High Ceiling
  • Ceiling Fan
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Schools

  • Ps 132 Conselyea Elementary School
  • Lyons Community Middle School
  • Progress Hs-Professional Careers High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,732

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Triplex
  • Year Built: 1901
  • Attribution Contact: 718-388-2188
  • Carport Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, High Ceilings
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Basement: Full
  • Total Bedrooms: 5
  • Fireplace: No
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Frame
  • Waterfront: No

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Lyons Community School

Lot Info

  • Lot Dimensions: 20 x 68.75 ft
  • Lot Size Sq Ft: 1375
  • Building Area Total: 3600
  • Property Attached: Yes
  • Additional Parcels: No

Multi Family

  • Units Total: 3

Tax Info

  • Tax Annual Amount: 6732
  • Tax Year: 2024

MLS Schools

  • Elementary School: Ps 132 Conselyea School
  • High School: Progress Hs-Professional Careers
  • Middle School District: Brooklyn 14

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,732 $215,940 $11,940 $204,000
2024 $6,732 $179,100 $11,940 $167,160
2023 $6,422 $158,280 $11,940 $146,340
2022 $6,244 $124,260 $11,940 $112,320
2021 $6,409 $106,380 $11,940 $94,440
2020 $3,097 $67,320 $11,940 $55,380
2019 $5,843 $58,560 $11,940 $46,620
2018 $5,372 $26,352 $6,450 $19,902
2017 $5,313 $26,064 $6,843 $19,221
2016 $5,074 $25,380 $7,991 $17,389
2015 $2,966 $24,673 $9,317 $15,356
2014 $2,966 $23,277 $10,551 $12,726
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $3,999,000 -4.8% $1,111 / Sq Ft
05/28/2025 05/28/25 For Sale $4,200,000 -- $1,167 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Deed $730,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Commercial
Previous Owner $200,000 Commercial
Source: Public Records

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Source: OneKey® MLS

MLS Number: 868262

OneKey® MLS

APN: 02759-0027