270 2nd St Brooklyn, NY 11211-5489
Property summary
This exceptional three-story mixed-use property in Williamsburg, Brooklyn, presents a unique investment and live-work opportunity. Located at 270 South 2nd Street, this newly redeveloped brick building boasts a spacious 3-bedroom, 3-bathroom duplex residence (approximately 2,244 square feet) above a 590-square-foot commercial storefront. An additional 847 square feet of finished cellar space offers versatile storage or expansion potential for both residential and commercial use. The commercial space features high ceilings, HVAC, an ADA-compliant half bathroom, and over 600 square feet of outdoor space. The property sits on a 1,560-square-foot lot and is zoned R6, C1-3, allowing for a variety of commercial uses, including cafes, galleries, studios, or restaurants. Its prime location offers easy access to public transportation (JMZ and L subway lines), major roadways (Williamsburg Bridge and BQE), and popular local amenities, including Domino Park. The asking price is $3,295,000. This Tax Class 1 property offers strong rental income potential, whether owner-occupied or fully leased, making it an exceptional investment in one of Brooklyn's most dynamic neighborhoods. The building's two units are spread across three stories, providing ample space and flexibility. The potential for commercial expansion further enhances the property's value and investment prospects.
Property profile
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement Construction Company
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R6 · Brooklyn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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