Nest Seekers

Rare Williamsburg Mixed Use Opportunity A unique opportunity to own a two story mixed use property in a prime Williamsburg location.

551 Grand Street
Brooklyn, NY 11211

Listing

Web ID:5793536
Website:https://www.nestseekers.com/5793536
Cross street:Union Avenue
Building:551 Grand Street Brooklyn
Type:Apartment
Era:Post-war
Floors:2

Property

Ownership: Mixed Use
Rooms: 5
Bedrooms: Studio

Financials

Price:$3,200,000

Description

Rare Williamsburg Mixed-Use Opportunity A unique opportunity to own a two-story mixed-use property in a prime Williamsburg location. Currently owner-occupied and used as a live/work arrangement, the property has no tenants in place and will be delivered vacant, offering exceptional flexibility for an end user, investor, or developer. It Features: – 1 Residential Unit – 1 Commercial Unit, currently used as the owner’s workspaces – Full Basement Current Layout: 1st Floor: Commercial Space 2nd Floor: 2 Bedrooms, 1 Bathroom, Living/Dining Room & Kitchen (Railroad Layout) Property Details: Lot: 22.5 × 100 ft 1st Floor: 22.5 × 100 ft 2nd Floor: 22.5 × 50 ft Total Building Area: Approx. 3,375 sq ft Taxes: $3,615.20/year* Zoning: R7A / C2-4 Maximum FAR: 4.0 Qualified Opportunity Zone Ideally located just moments from the G and L trains at Metropolitan Avenue–Lorimer Street, the property offers convenient access throughout Brooklyn and Manhattan. Bedford Avenue, McCarren Park, Whole Foods, Lidl, and Williamsburg’s abundance of restaurants, cafés, shops, and neighborhood amenities are all within easy reach. Grand Street continues to evolve, making this an especially compelling opportunity in one of Brooklyn’s most dynamic neighborhoods. Located within a Qualified Opportunity Zone and offering unused FAR, the property presents potential for expansion or future development, subject to zoning and applicable approvals. Whether envisioned as a distinctive live/work property, an income-producing mixed-use asset, or a development opportunity, this vacant building offers a rare combination of location, flexibility, and future potential. Please note that the current property tax bill reflects Enhanced STAR and Senior Citizen Homeowner exemptions/abatements.

Amenities

  • Elevator

Location

551 Grand Street Brooklyn NY 11211 USA

Contact

Williamsburg, NY
578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
williamsburg@nestseekers.com
Listing Courtesy of Compass
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