Williamsburg Mixed-Use Investment
739 Grand Street Brooklyn, NY 11211
739 Grand Street, Brooklyn, NY, 11211
$3,750,000
For Sale
$3,750,000
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 Market152
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 Checked: Jul 17 at 4:24 am
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).
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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).
