135 Grand Street, Brooklyn, NY 11249
Brick mixed-use building with ground-floor retail and multiple residential units plus an owner-reserved full basement.
- Added:
- Jun 13, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 3:42 am
Property Features for 135 Grand Street
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1928
Listing agent Michal Kuras License #NY 10351209048
Listing office William Green Real Estate
Listing date Jun 13, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of William Green Real Estate
HighLights
- 1928 brick mixed‑use building with wide frontage over 25 feet
- 5,500 SF above grade plus a full basement reserved for the owner
- 7 total units: 6 residential units and 1 large, highly visible retail space
- Ground‑floor retail tenant in place with short‑term lease, plus future flexibility for the next owner
- Three residential units include dishwashers; 50% of residential units are rent‑stabilized with legal rents higher than preferential rents
- Transit nearby: 5‑minute walk to Marcy Ave J/M/Z and 7‑block walk to Bedford Ave L; also about a 3‑block stroll to the Williamsburg waterfront
Overview
The ground floor includes a new short-term retail tenant, providing current income while leaving flexibility for the next owner. The property is located near major neighborhood anchors including Whole Foods, Apple, WeWork, and Equinox. It is also described as a brief 3-block stroll to the Williamsburg waterfront. For commuting, the remarks note a 5-minute walk to the Marcy Ave J/M/Z station and a 7-block walk to the Bedford Ave L train station.
For buyers or operators, the combination of residential and retail use can support diversified building operations. The unit mix includes rent-stabilized residential units, and the remarks state that legal rents are higher than the current preferential rents, which is presented as a potential pathway toward increasing returns over time. The visible retail component may also align well with tenants seeking strong street presence.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $427.7k | $77.76 |
| − Vacancy | −$50.9k | −$9.25 |
| EGI | $376.8k | $68.51 |
| − OpEx | −$113.0k | −$20.55 |
| NOI | $263.8k | $47.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9925
- Latitude
- 40.6933
