Corner Retail Condominium
For Sale
Contact for pricing
79 Grand Street, Brooklyn, NY 11249
Vacant corner retail with 43 feet of frontage and over 10-foot ceilings plus finished below-grade space.
Property Size2,232 SF
Price / SF$716.85
Days on Market63
Property Features for 79 Grand Street
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Retail
Listing Agency:
TerraCRG
(718) 395-1877
Listed By:
Maria D'Angelo · License #10401242211
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Aug 2 at 1:54PM
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 TerraCRG
Investment Insights
Based on property information with market context.
This offering includes two retail condominium units positioned as a corner property, totaling 2,232 square feet. The space is delivered vacant and configured with 1,116 square feet of retail area plus another 1,116 square feet of finished below-grade space. Ceiling heights are over 10 feet, providing an open, storefront-appropriate feel for the above-grade portion. With 43 feet of frontage, the building presents substantial linear exposure for a retail tenant or owner-operator.
The property is located at the highly visible corner of Grand Street and Wythe Avenue in the heart of Williamsburg, Brooklyn. The corner configuration and frontage length are intended to support strong storefront presence along a prominent retail corridor within the neighborhood.
Available for sale as condominium retail, the units offer immediate flexibility for investors and owner-users since no tenant is in place at delivery. The offering also presents projected rents of approximately $150 per square foot, which can help prospective purchasers underwrite their preferred ownership structure and operating strategy based on the property’s existing, ready-to-use buildout.
The property is located at the highly visible corner of Grand Street and Wythe Avenue in the heart of Williamsburg, Brooklyn. The corner configuration and frontage length are intended to support strong storefront presence along a prominent retail corridor within the neighborhood.
Available for sale as condominium retail, the units offer immediate flexibility for investors and owner-users since no tenant is in place at delivery. The offering also presents projected rents of approximately $150 per square foot, which can help prospective purchasers underwrite their preferred ownership structure and operating strategy based on the property’s existing, ready-to-use buildout.
Key Highlights
- Vacant corner retail at the highly visible intersection of Grand Street and Wythe Avenue in Williamsburg, Brooklyn
- 1,116 SF of vacant retail space with 43 feet of frontage on a prime retail corridor
- Over 10‑foot high ceilings in the retail space
Financial Insights For Retail
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 | $173.6k | $77.76 |
| − Vacancy | −$20.7k | −$9.25 |
| EGI | $152.9k | $68.51 |
| − OpEx | −$45.9k | −$20.55 |
| NOI | $107.0k | $47.95 |
2,232 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $107,035 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,367 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,839
Businesses Nearby
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Groceries 25%
Hotels & Casinos 20%
Electronics 11%
C-Town Supermarkets
Groceries
13,145 visits/mo
0.4 miles
Moxy Brooklyn Williamsburg
Hotels & Casinos
10,345 visits/mo
0.4 miles
T-Mobile
Electronics
5,770 visits/mo
0.2 miles
Dos Toros Taqueria
Dining
5,518 visits/mo
0.3 miles
Everlane
Apparel
4,176 visits/mo
0.2 miles
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flower shop- Boerum Hill — 2 Wyckoff St, Brooklyn, NY 11201
- E K a S Flowers Inc — 164 Court St, Brooklyn, NY 11201
- The Fleurista — 88 Bergen St, Brooklyn, NY 11201
- ALPINAE FLORAL — 103 Bergen St, Brooklyn, NY 11201
- Dreams Gourmet — 170 Court St, Brooklyn, NY 11201
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant corner retail with 43 feet of frontage and over 10-foot ceilings plus finished below-grade space.
Where is this storefront property located?
The property is located at 79 Grand Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Vacant corner retail at the highly visible intersection of Grand Street and Wythe Avenue in Williamsburg, Brooklyn; 1,116 SF of vacant retail space with 43 feet of frontage on a prime retail corridor; Over 10‑foot high ceilings in the retail space
