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739 Grand Street
East Williamsburg, Brooklyn | Humboldt Street & Graham Ave
14 Rooms6 Beds8 Baths7,720 Square FeetIncome Property
$4,995,000
$4,995,000
Updated 4 years ago
Off Market

739 Grand Street

East Williamsburg, Brooklyn | Humboldt Street & Graham Ave

14 Rooms6 Beds8 Baths7,720 Square FeetIncome Property

$4,995,000
floors / apts4 / 6
Lot Size18'x85'
Building TypeLow-Rise
RE Taxes$32,000
Price Per SF
$647

Listing Features

  • Window AC Units

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 739 Grand Street

739 Grand Street is a fully occupied, turnkey, 6-unit, mid-rise multi-family building perfect for investment. Standing four stories tall, the property features a nice unit mix of one large commercial/restaurant space and six (6) oversized studio units. These units boast high ceilings and oversized windows with ample sunlight. The sturdy exterior is constructed with iron steel beams, cement blocks and brick facade. Brand new Timberline roof was added in March 2021. The lot is 18×85.

The restaurant is approximately 1674 sq. feet with an additional 1674 sq. feet basement space for a total 3348 sq. feet. The basement offers ceilings which can be converted to an additional commercial property with proper permits and plans. Additionally, the restaurant has a spacious backyard. To maximize potential income there are air rights of up to 2 stories. The L train is a short distance away making this location a convenient one-fare trip into Manhattan.

Listing History for 739 Grand Street

Now
03/11/2022
$4,995,000
Initial Price by Michael DeSena
Nest Seekers International
Launch

Building Details for 739 Grand Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2005
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Grand St
0.14 miles
Graham Av
0.19 miles
Montrose Av
0.34 miles
Lorimer St
0.4 miles
Metropolitan Av
0.43 miles

Citi Bike

Graham Ave & Grand St
0.04 miles
Bushwick Ave & Powers St
0.13 miles

Contact Agents

Contact Agents

Michael DeSena
Nest Seekers International
Michael Bethoney Esq.
Nest Seekers International
Eric Rivera
Nest Seekers International

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

More

Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2023

According to New York City records, the median price for an apartment in Manhattan for the month of August 2023 was $1,150,000.  The price represents a minimal decrease of .02% from the median price of $1,175,000 recorded in August 2022.  The number of apartment sales, however, fell from 1,546 to 1,204 reflecting a year-over-year decreas...

posted on December 8, 2023
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 83770TH
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