Williamsburg Mixed-Use Investment
For Sale
$3,550,000
739 Grand Street, Brooklyn, NY 11211
Mixed-use property with residential income and retail potential in Williamsburg.
Property Size7,700 SF
Lot Size0.05 Acres
Price / SF$461.04
Days on Market223
Property Features for 739 Grand Street
General Information
Standard status
Active
Size
7,700 SF
Lot size
0.05 Acres
Property subtype
Mixed
Building Details
Year Built
2005
Units
7
Listing Agency:
Williamsburg
Listed By:
Mike Laurent · License #10401365017
(347) 596-3461
Source:
Corcoran
Added: Mar 24
Changed: Aug 21
Last Checked: Oct 26 at 11:26AM
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 Williamsburg
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Investment Insights
Based on property information with market context.
Located on Grand Street in Williamsburg, Brooklyn, 739 Grand Street is a mixed-use property featuring six rent-stabilized studio apartments above a ground-floor retail space. The retail space is being delivered vacant, presenting an opportunity to lease at market rent or establish a business. The retail layout includes a fully vented kitchen, rear yard, and full basement, suitable for food, hospitality, service, or experiential retail uses. The property has approximately 6,030 square feet above grade and approximately 7,700 gross building square feet. It benefits from Tax Class 2B treatment. Situated on an approximately 18' x 125' lot and zoned C4-4A, the building offers approximately 2,970 square feet of additional development potential, with an estimated maximum buildable area of 9,000 square feet. The property is positioned in a Williamsburg corridor near neighborhood retail, foot traffic, and transportation access. Nearby establishments include the Whole Foods Daily Shop and Chase. The property is located near the Lorimer Street / Metropolitan Avenue station complex, providing access to the L and G trains.
Key Highlights
- Vacant ground‑floor retail space with a fully vented kitchen, rear yard, and full basement offers immediate leasing potential.
- Prime Williamsburg location with high foot traffic and excellent transportation access (L & G trains).
- Mixed‑use property with six rent‑stabilized studio apartments providing stable residential income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$279,510
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,590,200
$5.6M
Cap Rate 7%
$3,993,000
$4.0M
Cap Rate 9%
$3,105,667
$3.1M
Market Conditions
NOI Build-Up for 7,700 SF
Gross rent
$508.2K $66.00/SF
− Vacancy
−$61.0K −$7.92/SF
EGI
$447.2K $58.08/SF
− OpEx
−$167.7K −$21.78/SF
NOI
$279.5K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,590,200
Cap Rate 7%
$3,993,000
Cap Rate 9%
$3,105,667
Alternative Uses
Best Use
Retail
$5.27M
$4.62M – $6.15M
NOI $369,250 @ 7.0% cap · market cap 10.40%
Second Best
Mixed Use
$3.99M
$3.49M – $4.66M
NOI $279,510 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$6.38M
$5.58M – $7.44M
NOI $446,292 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,980
Businesses Nearby
128k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Hotels & Casinos 16%
Shops & Services 13%
Groceries 10%
Dunkin' Donuts
Dining
18,501 visits/mo
0.3 miles
Dunkin' Donuts
Dining
14,140 visits/mo
0.3 miles
C-Town Supermarkets
Groceries
13,145 visits/mo
0.0 miles
BP
Shops & Services
12,903 visits/mo
0.5 miles
Starbucks
Dining
12,417 visits/mo
0.3 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?
Mixed-use property - Mixed-use property with residential income and retail potential in Williamsburg.
Where is this mixed-use property located?
The property is located at 739 Grand Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Vacant ground‑floor retail space with a fully vented kitchen, rear yard, and full basement offers immediate leasing potential.; Prime Williamsburg location with high foot traffic and excellent transportation access (L & G trains).; Mixed‑use property with six rent‑stabilized studio apartments providing stable residential income.
