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Property profile & analytics
FOR SALE
Retail space

135 Grand Street Ext Brooklyn, NY 11249

5,500 SF Built 1928
Property ID
US63-Q022569
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Year built 1928
Total area 5,500 SF
UPID US63-Q022569
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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