190 Grand Street, #3

EXCELLENT INVESTMENT PROPERTY: Priced at $855/sqft this ornate three bedroom, two bathroom, approx. 1,636sqft floor through Williamsburg loft with soaring ceilings, exposed brick, original wide-plank hard wood floors, extra-large windows and opulent tin ceilings. Striking hallway connects the grand living room to the super chic kitchen with 2 full bathrooms located on each end of the sprawling apartment and 3 spacious bedrooms in-between.

Restaurant quality chefs kitchen features stainless steel stove/oven and full size appliances plus exposed shelving with a separate dining area that opens up to a picturesque Juliet balcony. Washer/dryer included in the purchase. Prime doesnt begin to explain this Williamsburg location, 190 Grand Street is in the heart of it all, blocks to Whole Foods Market, Equinox and the Apple Store plus your choice of cafes and highly sought after eateries, in addition to the convenience of the J/M/Z Marcy, Bedford L and Lorimer G trains. This historic 3 unit loft building also includes a large private storage space, 25% roof rights and 25% commercial ownership of the basement (which brings in a rental income of approximately $500 per month).

The building does not have a C of O and is a Tenancy-in-common, which requires an ALL CASH, non-contingent purchase. Note that no cooperative or condominium regime currently encompasses the property. The property is owned by tenants in common and operated pursuant to a private joint venture agreement.

Each tenancy affords the owner with a possessory interest in its associated constituent unit. The property may also be subject to the loft law and the buyer is advised to perform due diligence to determine if it is properly registered as a loft if the property is subject to the loft law. The sale of the unit is subject to a right of first refusal.

A purchaser is required to agree in writing that the purchasers interest shall be subject to the terms and provisions of the joint venture agreement for the Building.

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