135 Grand Street Ext Brooklyn, NY 11249
For Sale
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Property Highlights: Expansive Footprint: An exceptionally wide brick building exceeding 25 feet in frontage. Substantial Space: 5,500 square feet above grade, plus a full basement currently reserved for the owner (offering prime value-add potential for tenant storage cages or a communal laundry room). Favorable Unit Mix: Comprised of 6 residential units and 1 large, highly visible retail space. Three of the residential units are currently upgraded with dishwashers. Investment Upside: 50% of the residential units are rent-stabilized, but legal rents are significantly higher than the current preferential rents, offering an immediate pathway to increased ROI. Retail Flexibility: The ground floor features a new short-term retail tenant, providing cash flow with future flexibility for the new owner. Unmatched Location & Transit: World-Class Amenities: Located just around the corner from major neighborhood anchors, including Whole Foods, Apple, WeWork, and Equinox. Waterfront Access: A brief, 3-block stroll to the iconic Williamsburg waterfront. Effortless Commute: Exceptionally well-connected. Enjoy a quick 5-minute walk to the Marcy Ave J/M/Z station, or a 7-block walk to the Bedford Ave L train station.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.