Clinton Hill Mixed-Use
293 Grand Ave, Brooklyn, NY 11238
Nine-unit mixed-use property with value-add potential in Clinton Hill.
Type:Multifamily
Property size:
10,500 SFPrice / SF:
$452/SF- Added:
- Feb 5, 2026
- Days on Market:
- 95
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 293 Grand Ave
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing agent Andrew Bronsteen License #NY10401314581
Listing office Marcus & Millichap - Manhattan
Listing date Feb 5, 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 Marcus & Millichap - Manhattan
HighLights
- High current cap rate of 7.3% with a clear path to 8.8% through value‑add renovations.
- Six free‑market units offer immediate upside through light renovations.
- Low and stable annual taxes of $18,059 due to protected 2B tax class.
- Oversized four‑bedroom residential units averaging over 1,115 square feet, a desirable unit mix.
- Full‑building retail component in the basement provides income diversification.
- Vacant rent‑stabilized unit offers additional flexibility for a new owner.
Overview
Located in Clinton Hill, 293 Grand Avenue is a mixed-use property containing nine units. The building spans approximately 10,500 square feet and includes eight residential units and a full-building retail component at the basement level. The property provides income diversification. Six of the eight apartments are Free Market, presenting opportunities for value-add renovations. The property operates at a 7.3 % cap rate, with a potential increase to an 8.8% cap on cost through renovations. Each residential unit features a four-bedroom layout, averaging over 1,115 square feet net. One unit is rent-stabilized and vacant. The annual taxes are $18,059, benefiting from the 2B tax class. Two rent-stabilized units exist, one vacant and one occupied at $1,282 per month since 1991. Two Free Market units were destabilized in 2014 under current ownership, with paperwork including PW3s, IAI explanations, invoices, and receipts. Permits are available on file with the DOB. The other four units were destabilized between 2004-2009 by the previous owner. Permits are on file with the DOB for work completed in the early 2000s. The current ownership can provide lease history from the last decade.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.962554
- Latitude
- 40.687498
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Nine-unit mixed-use property with value-add potential in Clinton Hill.
Where is this mixed-use property located?
The property is located at 293 Grand Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: High current cap rate of 7.3% with a clear path to 8.8% through value‑add renovations.; Six free‑market units offer immediate upside through light renovations.; Low and stable annual taxes of $18,059 due to protected 2B tax class.
