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    696 Grand St Brooklyn, NY 11211-3018
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    Property profile & analytics

    696 Grand St Brooklyn, NY 11211-3018


    • Investment properties
    • 3,600 SF
    • 0.05 lot acres
    Off-Market
    Last Sale Jul 29, 2024
    $2,100,000
    Property ID
    US63-5981301
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Disinfection Services NYC / Commercial Cleaning Service
    • Brooklyn Kitchen Remodeling / Hardware & Home Improvement / Kitchen & Bath Showroom
    • Willaimsburg House Painters / Painting Service / General Contractor

    Property Details for 696 Grand St

    Year built
    1910
    Lot size
    0.05 lot acres
    Property size
    3,600 SF
    Zone code
    C44A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02788-0014
    APU
    27880014

    Description

    This exceptional 1,456 square foot retail space is available for lease at 696 Grand Street in the vibrant Brooklyn neighborhood of New York. Located in Kings County, this single-tenant property offers a blank canvas for a wide range of commercial ventures. The entire space is currently vacant, providing immediate occupancy for a prospective tenant. The property's address is 696 Grand Street, Brooklyn, NY 11206, offering excellent street visibility and accessibility. With its generous 1,456 square feet of floor space, this property is ideal for businesses requiring ample room for operations and customer interaction. The property type is classified as retail commercial, making it suitable for a variety of retail uses. Its location in a bustling area of Brooklyn presents a significant opportunity for businesses seeking high foot traffic and a strong customer base. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. This is a unique opportunity to establish a thriving business in a prime Brooklyn location. Interested parties are encouraged to inquire further to explore the possibilities this space offers. The property is situated at latitude 40.7113982 and longitude -73.9447951.


    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,180,000
      6.5%
      $2,010,000
      7%
      $1,865,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,440,000
      Market price range: $1.44M - $3.46M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,420,000
      Current use
      AUTO REPAIR, GARAGE
      $2,860,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $2,770,000
      Change: +14% Conversion: Easy
      OFFICE BUILDING
      $1,980,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9448
    Latitude
    40.7113
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,358
    $13,080
    $162,660
    $175,740
    -
    $218,000
    $2,711,000
    $2,929,000
    More about this property
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