Ground-Floor Retail
For Sale
Contact for pricing
717 Grand St, Brooklyn, NY 11211
The storefront is near L-train service and multiple local bus routes.
Property Size906 SF
Price / SF$1,214
Days on Market88
Property Features for 717 Grand St
General Information
Standard status
Active
Size
906 SF
Property subtype
RETAIL
Additional Details
Floor
Ground
Frontage
30 ft
Listing Agency:
Tri State Commercial Realty
(718) 437-6100
Listed By:
Shlomi Bagdadi · License #10311204539
Source:
Moodyscre
Added: Jul 30
Changed: Oct 22
Last Checked: Oct 24 at 9:03PM
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 Tri State Commercial Realty
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Investment Insights
Based on property information with market context.
At 717 Grand St, this retail space offers 906 SF on the ground level and an additional 397 SF in the basement. The property has 30 feet of frontage.
The space is in Brooklyn’s Williamsburg neighborhood, between Manhattan Ave and Graham Ave, close to Grand St station. Transit options include the L train and the Q59, Q54, B43, B24, B48, and B60 buses. Nearby businesses include McDonald’s, Chase Bank, T-Mobile, Smør Bakery, and Brooklyn Dental Professionals.
The space is in Brooklyn’s Williamsburg neighborhood, between Manhattan Ave and Graham Ave, close to Grand St station. Transit options include the L train and the Q59, Q54, B43, B24, B48, and B60 buses. Nearby businesses include McDonald’s, Chase Bank, T-Mobile, Smør Bakery, and Brooklyn Dental Professionals.
Key Highlights
- 906 SF of ground‑floor retail space
- 397 SF of basement area
- 30 FT of frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,447
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,940
$868.9K
Cap Rate 7%
$620,671
$620.7K
Cap Rate 9%
$482,744
$482.7K
Market Conditions
NOI Build-Up for 906 SF
Gross rent
$70.5K $77.76/SF
− Vacancy
−$8.4K −$9.25/SF
EGI
$62.1K $68.51/SF
− OpEx
−$18.6K −$20.55/SF
NOI
$43.4K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,940
Cap Rate 7%
$620,671
Cap Rate 9%
$482,744
Alternative Uses
Best Use
Retail
$620.7K
$543.1K – $724.1K
NOI $43,447 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$750.2K
$656.4K – $875.2K
NOI $52,512 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,318
Businesses Nearby
174k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 27%
Groceries 22%
Hotels & Casinos 6%
C-Town Supermarkets
Groceries
31,393 visits/mo
0.1 miles
Dunkin' Donuts
Dining
18,501 visits/mo
0.4 miles
Chase Bank
Shops & Services
17,187 visits/mo
0.1 miles
BP
Shops & Services
12,903 visits/mo
0.5 miles
McDonald's
Dining
12,837 visits/mo
0.1 miles
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The storefront is near L-train service and multiple local bus routes.
Where is this retail space located?
The property is located at 717 Grand St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 906 SF of ground‑floor retail space; 397 SF of basement area; 30 FT of frontage
