47 GRAND STREET

For Sale - Brooklyn - Williamsburg

$5,500,000

Net Operating Income: $0

Ic expand

Key Details

Property Type
MultiFamily
Neighborhood
Williamsburg
Property Dimensions
25.0 x 50.0
Property Area
4,875 sq.ft.
Total Units:
4
Stories:
4
NOI
$0
Price
$5,500,000

Listing Description

The building hosts 4 free-market apartments with 2BR layouts. Plans have been prepared to build out ground floor and convert to retail, which may allow up to 75% increase in income potential upon lease up of retail and residential units at market rate. Favorable protected tax class limits assessment increases. Notable neighboring retailers include Supreme, Lululemon, Rituals, Vans, Aland US, Credo Beauty, Van Leeuwen, Le Labo, Space NK, MUJI, Equinox, and Apple among many others.The building is located just one block from the newly opened Domino Park.

Property Details

Block/Lot:
2378/37
Lot Dimensions
25.0 x 131.83
Lot Area
3,273 sq.ft
Zoning:
M1-2/R6B
FAR as Built:
1.49
Max FAR:
2.0
Brendan MaddiganJLL
Contact Agent Download Listing Flyer

Sales & Transactions

AddressSale PriceSale DateProperty Type
147 POWERS STREET$1,905,00007/26/2018MultiFamily
110 DEVOE STREET$1,900,00007/24/2018MultiFamily
81 POWERS STREET$1,800,00007/10/2018MultiFamily
431 WYTHE AVENUE$6,600,00007/09/2018MultiFamily
313 SOUTH 4TH STREET$3,300,00007/09/2018MultiFamily
277 BERRY STREET$3,010,00006/28/2018MultiFamily
195 HOOPER STREET$1,900,00006/28/2018MultiFamily
247 SOUTH 3RD STREET$34,891,69606/28/2018MultiFamily
177 NORTH 8TH STREET$2,200,00005/31/2018MultiFamily
338 MANHATTAN AVENUE$1,800,00005/30/2018MultiFamily