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Listing Courtesy of Corcoran Group
$ 3,750,000
Est. payment | /mo
7 Baths
7,700 SqFt
$ 3,750,000
Est. payment | /mo
7 Baths
7,700 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,700 sqft
Price per Sqft $487
Subdivision Williamsburg
MLS Listing ID RLS20079703
Full Baths 6
Half Baths 2
HOA Y/N No
Year Built 2005
Property Sub-Type Mixed Use
Property Description
Exclusively offered by The Forray Team at The Corcoran Group, 739 Grand Street is a rare mixed-use investment opportunity in the heart of Williamsburg, Brooklyn. Situated on a prime stretch of Grand Street, this well-located property combines stable in-place residential income with meaningful commercial and long-term upside in one of Brooklyn's most active and supply-constrained corridors.
The building consists of six rent-stabilized studio apartments above a ground-floor retail space, creating an attractive blend of dependable residential tenancy and valuable retail potential. The residential unit mix offers efficiency and durability in a neighborhood known for consistent rental demand, while the commercial component adds flexibility for investors and end-users alike.
A major highlight of the property is the retail space, which is being delivered vacant. This presents a compelling opportunity for an investor to lease at market rent or for a user to establish a business in a highly visible Williamsburg location. The retail layout is especially appealing, featuring a fully vented kitchen, rear yard, and full basement, making it well suited for food, hospitality, service, or experiential retail uses.
The property contains approximately 6,030 square feet above grade and approximately 7,700 gross building square feet, and benefits from favorable Tax Class 2B treatment, supporting efficient long-term ownership economics. Located on an approximately 18' x 125' lot and zoned C4-4A, the building also offers approximately 2,970 square feet of additional development potential, with an estimated maximum buildable area of 9,000 square feet. This adds significant value for investors considering future expansion, repositioning, or long-term appreciation.
739 Grand Street is positioned in a highly active Williamsburg corridor surrounded by strong neighborhood retail, daily foot traffic, and excellent transportation access. Nearby anchors including the new Whole Foods Daily Shop at 774 Grand Street and Chase at Grand Street and Graham reinforce the area's strong consumer draw and convenience. The property is also conveniently located near the Lorimer Street / Metropolitan Avenue station complex, providing access to the L and G trains for easy connectivity throughout Brooklyn and into Manhattan.
Whether for an investor seeking a mixed-use asset with protected residential income, favorable tax treatment, and retail leasing upside, or for an end-user looking to secure frontage in a proven Williamsburg corridor, 739 Grand Street offers a rare combination of stability, flexibility, and long-term potential in one of Brooklyn's most desirable submarkets.
The building consists of six rent-stabilized studio apartments above a ground-floor retail space, creating an attractive blend of dependable residential tenancy and valuable retail potential. The residential unit mix offers efficiency and durability in a neighborhood known for consistent rental demand, while the commercial component adds flexibility for investors and end-users alike.
A major highlight of the property is the retail space, which is being delivered vacant. This presents a compelling opportunity for an investor to lease at market rent or for a user to establish a business in a highly visible Williamsburg location. The retail layout is especially appealing, featuring a fully vented kitchen, rear yard, and full basement, making it well suited for food, hospitality, service, or experiential retail uses.
The property contains approximately 6,030 square feet above grade and approximately 7,700 gross building square feet, and benefits from favorable Tax Class 2B treatment, supporting efficient long-term ownership economics. Located on an approximately 18' x 125' lot and zoned C4-4A, the building also offers approximately 2,970 square feet of additional development potential, with an estimated maximum buildable area of 9,000 square feet. This adds significant value for investors considering future expansion, repositioning, or long-term appreciation.
739 Grand Street is positioned in a highly active Williamsburg corridor surrounded by strong neighborhood retail, daily foot traffic, and excellent transportation access. Nearby anchors including the new Whole Foods Daily Shop at 774 Grand Street and Chase at Grand Street and Graham reinforce the area's strong consumer draw and convenience. The property is also conveniently located near the Lorimer Street / Metropolitan Avenue station complex, providing access to the L and G trains for easy connectivity throughout Brooklyn and into Manhattan.
Whether for an investor seeking a mixed-use asset with protected residential income, favorable tax treatment, and retail leasing upside, or for an end-user looking to secure frontage in a proven Williamsburg corridor, 739 Grand Street offers a rare combination of stability, flexibility, and long-term potential in one of Brooklyn's most desirable submarkets.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Fireplace No
Laundry In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
View Other
Porch Terrace
Private Pool No
Building
Dwelling Type Mixed Use
Story 4
New Construction No
Others
Tax ID 02783-0038
Ownership None
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by WJFNY