Last updated September 28 2021 at 2:18 PM
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155 Grand Street
155 Grand Street • Brooklyn NY 11249 • Williamsburg
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Location
155 Grand Street, Brooklyn, NY 11249 Williamsburg
Amenities
Patio / balcony
Hardwood floors
Air conditioning
Unit Amenities
air conditioning
hardwood floors
patio / balcony
Prime Flagship Retail & Mixed-Use Property for Lease with Option for Purchase. Located in North Williamsburg's Highest Priced Retail and Residential Corridors. Introducing an extraordinary opportunity for ownership of 155 Grand Street, it defines "prime real estate" in Williamsburg. Nestled on Grand Street between Bedford Avenue & Berry Street, this prime retail location boasts some of the highest asking retail rents in North Williamsburg and Tops Brooklyn retail charts as well. As reported in the REBNY 2017 Summer report asking rents on Grand Street Averaged $125/SF. With no significant moderation to the property, the building can project an income performance North of 6.34% CAP RATE in a purchase scenario. Existing Building & Property Features: Current Zoning is R6B, C2-4. Set on a 21' X 75' lot, the existing 3-story full-masonry building is ~ 4,000 SF above grade. A full-height cellar offers an additional ~ 1,575 gross SF. It currently consists of 3X income-producing units: The vacant ground floor retail space boasts soaring 10'+ ceiling height, HVAC and charming exposed brick. The 2nd floor unit is an oversized 2 bed/1 bath with large outdoor terrace and a loft-like layout. A spacious 3 bed/1 bath unit is set on the top floor. The triple-exposure allow for abundant natural sunlight in both full-floor apartments. Unique details include: 9'+ high ceilings, original hardwood flooring, moldings and exposed brick throughout. This stately address can be easily converted to a ~2,436 SF duplex residence with substantial commercial rental income potential.The central location is minutes away from the Bedford L and Broadway-Marcy J, M, Z subway stations and the NYC Ferry on Kent. Located in the epicenter of Williamsburg Northside. This food, tourist and shopping mecca has seen a dramatic transformation that is on par with the top destinations in New York City. The presence of major chains, national retailers, luxurious new developments and hotels have triggered the vibrant revitalization of Williamsburg, Brooklyn. Unquestionably, this is a "not-to-be missed" opportunity!
Property Details (Fees & Lease)
Must have 3x the rent in total household income (before taxes)
Listing Provided by ListHub
Property Status: Off The Market
Chris Cavorti
Corcoran Group
Copyright © 2019 Real Estate Board of New York. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Frequently Asked Questions
Frequently Asked Questions (FAQs)
In Brooklyn, NY, the average rent is $3,663 for a studio, $3,566 for a 1-bedroom, $4,706 for a 2-bedroom, and $5,102 for a 3-bedroom.
155 Grand Street is not currently offering any rent specials.
No, 155 Grand Street is not pet-friendly. If you're looking for rentals that allow pets, check out pet-friendly listings in Brooklyn.
No, 155 Grand Street does not offer parking.
No, 155 Grand Street does not offer units with in unit laundry.
No, 155 Grand Street does not have a pool.
No, 155 Grand Street does not have accessible units.
No, 155 Grand Street does not have units with dishwashers.
Yes, 155 Grand Street has units with air conditioning.
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