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Four-Unit Residential Income Building
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47 Grand St, Brooklyn, NY 11249

Four full-floor two-bedroom, two-bath apartments with a proposed retail reconfiguration and potential for additional space.

Property Size4,877 SF
Days on Market125

Property Features for 47 Grand St

General Information

Standard status Active
Size 4,877 SF
Property subtype Multifamily

Additional Details

Multifamily Units 4
Listing Agency: Lee & Associates - New York
Listed By: Sean Slattery · License #NY 10301221373
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 12:12PM

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 Lee & Associates - New York

Investment Insights

Based on property information with market context.

This property is currently configured as four full-floor two-bedroom, two-bath apartments. It’s a Tax Class 2A building spanning approximately 4,877 square feet, with the ability to add approximately 1,669 square feet as-of-right.

The proposed reconfiguration would extend the ground floor to add a retail component to an existing electric retail corridor in Williamsburg. The property also has the ability to be converted to a single-family building for use as a primary residence or rental income.

Offered for sale, 47 Grand Street presents a residential income setup today, with supported pathways for retail expansion and a separate single-family conversion option based on the stated property flexibility and development rights.

Key Highlights

  • 47 Grand Street in Williamsburg, Brooklyn: currently configured as four full‑floor 2‑bed, 2‑bath apartments
  • Proposed reconfiguration would extend the ground floor to add a retail component along an existing retail corridor
  • Building is approximately 4,877 SF (Tax Class 2A) with potential to add approximately 1,669 SF as‑of‑right

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Bed & Breakfast Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

6,136
Businesses Nearby

Demographics for 11249, NY

42,024
Population
18,958
Households
2.2
Avg Household Size
31
Median Age
59%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
60,034
Density / Sq Mi
$121,400
Median Household Income
$81,638
Median Earnings
$2,982
Median Rent
$1,326,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four full-floor two-bedroom, two-bath apartments with a proposed retail reconfiguration and potential for additional space.
Where is this quadplex located?
The property is located at 47 Grand St Brooklyn, NY.
What are key features of this property?
This property features: 47 Grand Street in Williamsburg, Brooklyn: currently configured as four full‑floor 2‑bed, 2‑bath apartments; Proposed reconfiguration would extend the ground floor to add a retail component along an existing retail corridor; Building is approximately 4,877 SF (Tax Class 2A) with potential to add approximately 1,669 SF as‑of‑right
(646) 723-4011 Call to check price and availability
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