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Property profile & analytics
FOR SALE
Retail space

12 Grattan St Brooklyn, NY 11206

2,500 SF 0.06 ac lot Built 1931
Entity Owned 1-yr Hold Free & Clear
Property ID
US63-5979537
12 Grattan St, Brooklyn, NY 11206 For Sale
$1,900,000 2,500 SF
12 Grattan St, Brooklyn, NY 11206
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Property summary
AI-generated overview

This exceptional mixed-use property, located at 12 Grattan Street in Brooklyn, NY 11206, presents a compelling investment opportunity. The building, constructed in 1931, boasts 2,500 square feet on a 0.06-acre lot (2,500 sq ft lot). Currently vacant, this property offers significant potential for a variety of uses, thanks to its M1-2 zoning. Its convenient location in Williamsburg, near major thoroughfares and cross streets like Bogart Street, ensures high visibility and accessibility. The property is situated in an Opportunity Zone, offering potential tax advantages. Annual property taxes are $16,571. Note that the adjacent property at 10 Grattan Street is also available for purchase, presenting the possibility of acquiring a larger contiguous holding. This is an ideal opportunity for owner-users seeking a prime location in a thriving Brooklyn neighborhood. The property's size and zoning make it suitable for a range of retail or other permitted uses. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1931
Total area 2,500 SF
Lot 0.06 ac (2,500 SF)
Zoning code M1-2
APN 03102-0012
UPID US63-5979537
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pine Box Rock Shop Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$915k
Owner & transaction history
12 Grattan Street LLC · 1 yrs held
12 Grattan Street LLC
since 2024
3 recorded transactions
2024
Price N/A
2013
Price N/A
2004
$410,000
Zoning & alternative use
M1-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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