Perfect for end-users and investors alike! Own an entire building in dynamic Williamsburg for much less than a condo and enjoy room to spare. Situated on vibrant Grand Street with easy access to restaurants, shops, amenities and public transportation in every direction, this light-flooded loft-like building offers two spacious residential apartments above a large storefront that flows out to a sensational garden. Not your typical cookie-cutter home, this is where old meets new in the way historic details like exposed brick, hand carved banisters and high ceilings meet with renovated kitchens and baths. A charming garden comes complete with old fashioned streetlights and bluestone pavers and awaits your next party, or perhaps will be home to the newest hotspot in town.

Perfect for an artist, musician or maker looking to work from home while also potentially showcasing their wares in the storefront; a savvy investor who sees the massive upside potential; or just a smart end-user looking to live for free while collecting rent from one or two floors. Well-maintained over the years by the current owner, this building is currently configured with a generous and deep storefront (delivered vacant and waiting to be white-boxed), a three-bedroom apartment on the second floor and a two-bedroom apartment on the top floor (both apartments also delivered vacant). Move right in as-is and enjoy a backyard from the common hallway, easy to be enjoyed by all residents should you so choose. And don't miss the finished English basement that includes a full bathroom and washer and dryer hookup, very easily transformed into a great gym, workspace or storage area.

The storefront is built extra deep and is just waiting the new owner to come to life in a myriad of ways such as a restaurant, gallery, woodshop, art or music studio. Situated on a sunny and convenient corner, you can be assured of great foot traffic exposure, easy access, and amazing square footage if you just want to work from home and take breaks in your oversized garden. Head upstairs to a luminous three-bedroom apartment that enjoys a renovated kitchen with granite countertops and stainless appliances, hardwood floors, high ceilings, and a renovated windowed bathroom with double marble vanity and glass enclosed shower. The top floor 2-bedroom apartment is an absolutely enchanting example of rustic modern style with its exposed brick walls, oversized skylight, and fully renovated kitchen with a subway-tiled wall, black granite countertop, split-layout, and the opportunity to add a deck off the kitchen on top of the deep extension on the bottom two floors. The cellar is clean and dry and features a classic Brooklyn black and white mosaic full bathroom, tiled floors, and is easily accessible from the common space and the storefront (depending on whether you want to rent it to a tenant or live upstairs and keep it for yourself). Tenants pay their own heat and electric with separate boilers in the basement. For the intrepid owner, there is also an additional 3000 SF of
air rights that can be utilized down the road. Built 19' wide on a 95' deep lot. Projected rents are: $5500 to $6000 for the storefront, $5800 for the three-bedroom and $5000 for the top floor 2 bedroom. Taxes are incredibly low at only $3297 per YEAR making this an even more incredible investment for anyone needing lots of space in Brooklyn's most exciting neighborhood.

Property Details of 471 Grand Street

Property Details

Interior Features

Map Location

Driving Directions

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by East Egg Realty.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.