551 Grand St, Brooklyn, NY 11211

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.