$2,800,000
Updated 2 years ago
Off Market

863 Grand Street

East Williamsburg, Brooklyn | Bushwick Ave & Olive Street

5,375 Square FeetMulti-Family

$2,800,000
floors / apts3 / 4
Lot Size25'x100'
Built Size25'x100'
ZoneR7A
Building TypeLow-Rise
RE Taxes$9,677
Price Per SF
$521

Listing Features

  • High Ceilings
  • Gas Heat
  • No AC

Building Amenities

  • Voice Intercom

Property Description for 863 Grand Street

East Williamsburg opportunity rarely available, an entire building delivered vacant. Fantastically located 25-foot, wide three-story, plus cellar, prewar property in an ever-evolving neighborhood located near all. With nearby L train service at Grand Street, minutes to Manhattan and to North Brooklyn. Like the area, the property is historically interesting and ever-evolving. Consisting of four units, this HDFC co-op, established in 1992, is configured as three HDFC co-op apartments and one floor through rental. HDFC owners’ 25-year deed restriction was terminated in 2017, and the dissolution of the current HDFC is pending, offering a blank slate on a 2500 sq ft lot zoned R7A, with a C2-4 overlay. As per owners, showings are permitted only with an acceptable offer in place. Buyer responsible for due diligence.

Listing History for 863 Grand Street

Now
10/07/2024
TOM by Jean Marrone
Keller Williams Realty Empire
05/14/2024
$2,800,000
Initial Price by Jean Marrone
Keller Williams Realty Empire

Building Details for 863 Grand Street

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

Grand St
0.08 miles
Graham Av
0.28 miles
Montrose Av
0.33 miles

Citi Bike

Powers St & Olive St
0.06 miles
Bushwick Ave & Powers St
0.09 miles

Contact Agents

Contact Agents

Jean Marrone
Keller Williams Realty Empire
Charles Olson
Keller Williams Realty Empire

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.

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: 95840TH