900 Grand StBrooklyn, NY 11211

Property Details for 900 Grand St

Year built

1950

Lot size

0.34 AC

Property size (Sq ft)

22,600 SF

Zone code

M1-2

Property type

Retail residential properties

APN

03019-0001

APU

30190001

Description

This 10,000 square foot multi-tenant building at 900 Grand Street, Brooklyn, NY 11211 offers a diverse range of office spaces, from traditional to creative, suitable for various businesses. Seven spaces are currently available, ranging from 500 to 10,000 square feet. Renovated in 2019, the building boasts attractive features including hardwood floors, exposed brick, high ceilings, numerous skylights, and central air conditioning. Amenities include shared outdoor areas and male/female bathrooms. The building's location in East Williamsburg, one block from the L train at Grand Street, provides excellent access to public transportation. The vibrant neighborhood is known for its mix of established residences, trendy restaurants, and burgeoning commercial developments, attracting young professionals, artists, and students. The building's current tenants include artists, music studios, and custom furniture makers, reflecting the creative and dynamic atmosphere of the area. A shared roof deck is currently in the planning stages, adding further appeal to this exceptional property. Kings County location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,633,204

  6.5%

  $4,276,804

  7%

  $3,971,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,577,020

  Geo Method

  $4,577,020

• Alternative Use

  Use

  Valuation

  Residential

  $4,276,804

  Hospitality

  $3,917,530

  Educational

  $3,259,338

  Medical

  $3,371,432

  Retail

  $5,070,082

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7124

Longitude

-73.9379

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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