7 Open Houses in 1 Weekend
The Good, Bad & Ugly
MLS® ID: CORC-5778901

97 Grand Street

Brooklyn, New York, 11249

$4,800,000 Active
  • - SQFT
This is an unrivaled opportunity to own the building of your dreams. A 4-story 25 wide brick building on the BEST block in Williamsburg, with a curb-cut and the ability to park multiple cars. Use this building in many different ways; transform it into a grand 1-family home, collect incredible rent from three large 2-bedroom rental units, or live, work AND collect rent. There is even enough additional FAR to build 2 more floors on top to take advantage of the winning views from both sides of this unique property. The opportunities are endless, including the ability to run a business or art studio out of the storefront. The flexibility and location make this a must-see.Situated on Grand Street, directly across from a city park guarantees you will have open South-facing views and incredible light in perpetuity. Just a block from the new Domino Park and the Williamsburg waterfront, on a charming cul-de-sac of historic buildings and storefronts, and surrounded on all sides by incredible dining and amenities, enjoy easy access to the L train, in addition to the JMZ, and the ability to park your own car either inside the building or right in front. A unique location with water views on truly one of the most charming tree-lined blocks in the neighborhood, the location is unrivaled. The aesthetic charms of this home are many and include a handsome cornice, iron faade stars on the exterior, a large backyard, and an incredible roofdeck with panoramic views. The interior offers exposed and whitewashed brick, wide-plank wood flooring, troweled plaster mantles, skylights, steel and concrete stairs, large windows, and even a balcony off the 2nd floor.The building has been historically used by a world-famous artist as a studio space on the ground-floor with high-income residential rentals and office space on the upper three floors. The storefront/garage/studio has been white boxed as a showcase for art, or your personal car collection. The three upstairs units are all large 2-bedroom apartments with incredible light and a loft-like feeling. The width of this building would even allow for an elevator if that was your desire, and really comes in handy should you decide to build up an additional two floors.Impeccably maintained by the current owners over the last 35 years, this property has been updated with all new steel beams throughout, and includes a steel infrastructure that is ready for you to build vertically with no issues. They have also conveniently opened up discrete hatches in the floors so the ability to duplex any two floors would just involve adding a staircase no structural work necessary. Basement offers another entire floor of work space with 8' ceiling height, recessed lighting, 110 & 220 volt electric outlets, concrete floor, and direct stair access to the street. This building is truly a special place for end-users and investors alike. Super low taxes and delivered vacant to allow for maximum profitability to the next lucky owner of this incredible property. Please call for a showing.
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Listing courtesy of The Corcoran Group

Amenities

  • Zip
    11249
  • Office name
    The Corcoran Group
  • Bedrooms
    0
  • Property type
    Multi-family
  • Year built
    1890
  • Agent name
    Deborah L Rieders
  • Tax amount
    $ 522.25
  • Purchase Type
    Active
  • HOA fees
    $ 522.25
  • Full baths
    0
  • Rent
    No
  • Furnished
    Unfurnished

Location

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