Williamsburg Mixed-Use Investment
For Sale
$3,750,000
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$487.01
Days on Market168
Property Features for 739 Grand Street
General Information
Standard status
Active
Size
7,700 SF
Lot size
0.05 Acres
Property subtype
Mixed Use
Building Details
Year Built
2005
Listing Agency:
Corcoran Group
(914) 804-7091
Listed By:
Christopher V Cavorti · License #10301206385
(914) 804-7091
Source:
Compass
Added: Feb 16
Changed: Jul 10
Last Checked: Aug 2 at 1:11PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
Located on Grand Street in Williamsburg, Brooklyn, this mixed-use property presents an investment opportunity. The building features six rent-stabilized studio apartments above a ground-floor retail space. The retail space is delivered vacant and includes a fully vented kitchen, rear yard, and full basement, making it suitable for food, hospitality, service, or experiential retail uses. The property contains approximately 6,030 square feet above grade and approximately 7,700 gross building square feet. 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 benefits from Tax Class 2B treatment. The location is near the Lorimer Street / Metropolitan Avenue station complex, providing access to the L and G trains. Nearby anchors include the new Whole Foods Daily Shop and Chase.
Key Highlights
- Vacant ground‑floor retail space with a fully vented kitchen, rear yard, and full basement, ideal for various business types, offering immediate leasing or owner‑user opportunity.**
- Significant development potential with approximately 2,970 square feet available, allowing for future expansion or repositioning up to a maximum buildable area of 9,000 square feet.
- Located in a high‑traffic Williamsburg corridor with strong neighborhood retail and excellent transportation access (L & G trains).
Financial Insights For Mixed Use
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 | $508.2k | $66.00 |
| − Vacancy | −$61.0k | −$7.92 |
| EGI | $447.2k | $58.08 |
| − OpEx | −$167.7k | −$21.78 |
| NOI | $279.5k | $36.30 |
7,700 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$5.27M
$4.62M – $6.15M
NOI $369,250 @ 7.0% cap · market cap 9.85%
Second Best
Mixed Use
$3.99M
$3.49M – $4.66M
NOI $279,510 @ 7.0% cap · market cap 7.45%
Theoretical Best
Specialty Retail
$6.38M
$5.58M – $7.44M
NOI $446,292 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $3,750,000.
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, ideal for various business types, offering immediate leasing or owner‑user opportunity.**; Significant development potential with approximately 2,970 square feet available, allowing for future expansion or repositioning up to a maximum buildable area of 9,000 square feet.; Located in a high‑traffic Williamsburg corridor with strong neighborhood retail and excellent transportation access (L & G trains).
