551 Grand Street, Brooklyn, NY 11211
551 Grand Street, Brooklyn, NY 11211
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Listing Courtesy of Compass
$ 3,200,000
Est. payment | /mo

1 Bed

1 Bath

3,375 SqFt


Save
$ 3,200,000
Est. payment | /mo
Save

1 Bed

1 Bath

3,375 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,375 sqft

Price per Sqft $948

Subdivision Williamsburg

MLS Listing ID RLS20118609

Bedrooms 1

Full Baths 1

HOA Y/N Yes

Year Built 1920

Annual Tax Amount $3,615

Property Sub-Type Mixed Use

Property 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.

Location

State NY

County Kings

Interior

Furnishings Unfurnished

Fireplace No

Laundry See Remarks

Exterior

View Y/N No

Private Pool No

Building

Dwelling Type Mixed Use

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Tax ID 02779-0033

Ownership None

Monthly Total Fees $301

Pets Allowed Building No, No

REBNY-IDX

NEARBY SCHOOL & BUSINESS

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551 Grand Street