Pending

471 Grand Street

Brooklyn NY, 11211

$2,535,000


$845.00 per sqft

Pending

5 Beds

3 Baths

3,000 sqft

Townhomes

Built in 1910

Perfect for end-users and investors alike! Own an entire building in dynamic Williamsburg for much less than a condo and enjoy room to spare. Situated on vibrant Grand Street with easy access to restaurants, shops, amenities and public transportation in every direction, this light-flooded loft-like building offers two spacious residential apartments above a large storefront that flows out to a sensational garden. Not your typical cookie-cutter home, this is where old meets new in the way historic details like exposed brick, hand carved banisters and high ceilings meet with renovated kitchens and baths. A charming garden comes complete with old fashioned streetlights and bluestone pavers and awaits your next party, or perhaps will be home to the newest hotspot in town.

Perfect for an artist, musician or maker looking to work from home while also potentially showcasing their wares in the storefront; a savvy investor who sees the massive upside potential; or just a smart end-user looking to live for free while collecting rent from one or two floors. Well-maintained over the years by the current owner, this building is currently configured with a generous and deep storefront (delivered vacant and waiting to be white-boxed), a three-bedroom apartment on the second floor and a two-bedroom apartment on the top floor (both apartments also delivered vacant). Move right in as-is and enjoy a backyard from the common hallway, easy to be enjoyed by all residents should you so choose. And don't miss the finished English basement that includes a full bathroom and washer and dryer hookup, very easily transformed into a great gym, workspace or storage area.

The storefront is built extra deep and is just waiting the new owner to come to life in a myriad of ways such as a restaurant, gallery, woodshop, art or music studio. Situated on a sunny and convenient corner, you can be assured of great foot traffic exposure, easy access, and amazing square footage if you just want to work from home and take breaks in your oversized garden. Head upstairs to a luminous three-bedroom apartment that enjoys a renovated kitchen with granite countertops and stainless appliances, hardwood floors, high ceilings, and a renovated windowed bathroom with double marble vanity and glass enclosed shower. The top floor 2-bedroom apartment is an absolutely enchanting example of rustic modern style with its exposed brick walls, oversized skylight, and fully renovated kitchen with a subway-tiled wall, black granite countertop, split-layout, and the opportunity to add a deck off the kitchen on top of the deep extension on the bottom two floors. The cellar is clean and dry and features a classic Brooklyn black and white mosaic full bathroom, tiled floors, and is easily accessible from the common space and the storefront (depending on whether you want to rent it to a tenant or live upstairs and keep it for yourself). Tenants pay their own heat and electric with separate boilers in the basement. For the intrepid owner, there is also an additional 3000 SF of
air rights that can be utilized down the road. Built 19' wide on a 95' deep lot. Projected rents are: $5500 to $6000 for the storefront, $5800 for the three-bedroom and $5000 for the top floor 2 bedroom. Taxes are incredibly low at only $3297 per YEAR making this an even more incredible investment for anyone needing lots of space in Brooklyn's most exciting neighborhood.

RPLU-33422870055

MLS ID

February 8, 2024

Listed

January 10, 2025

Updated

Map

471 Grand Street
Brooklyn NY, 11211

Interior Features

Total Stories

3


Bedrooms

5


Total Bathrooms

3


Full Bathrooms

2


Half Bathrooms

2


Laundry Description

Washer Hookup, In Unit


Fireplace

Yes


Fireplace Description

Decorative


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.04 Acres

Other Property Details

Taxes

$3,300


Tax Frequency

Annually


Garage

No


View

No


View Description

Other


County

Kings


Pool

No

Listing History

Date

Event

Price

5/2/2024

Price change

$2,535,000

-2%

3/18/2024

Pending

Listed by Deborah Rieders with Corcoran Group
Listing Contact: (917) 494-2503 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025  The Real Estate Board of New York, Inc., All rights reserved

Data last updated on 1/10/2025 at 9:03 PM UTC

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