$ 2,535,000
471 GRAND Street Brooklyn, NY 11211
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Listing Courtesy of Corcoran Group
$ 2,535,000
Est. payment /mo
Pending
471 GRAND Street Brooklyn, NY 11211
5 Beds
3 Baths
3,000 SqFt
UPDATED:
10/31/2024 11:10 PM
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Pending
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $845
Subdivision Williamsburg,North
MLS Listing ID RPLU-33422870055
Bedrooms 5
Full Baths 2
Half Baths 2
HOA Y/N No
Year Built 1910
Annual Tax Amount $3,300
Property Description
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.
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.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Fireplaces Number 1
Fireplaces Type Decorative
Fireplace Yes
Laundry Washer Hookup, In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $275
Special Listing Condition Standard
Pets Description Building Yes, No
RLS Data display by Renee Lee