305 Grand StBrooklyn, NY 11211

Property Details for 305 Grand St

Year built

2015

Lot size

0.04 AC

Property size (Sq ft)

4,518 SF

Zone code

R6B

Property type

Investment properties

Property subtype

Live-work space

APN

02383-0026

APU

23830026

Description

This 1,500 sq. ft. single-tenant retail space is located at 305 Grand Street in Brooklyn, NY, zip code 11211, within Kings County. Situated in the heart of Williamsburg, between Roebling Street and Havemeyer Street, this property benefits from exceptional foot traffic and visibility amongst trendy cafes, boutiques, and a vibrant nightlife scene. The location offers unparalleled accessibility, with a short walk to multiple subway lines (J, M, Z, L, G) and numerous bus routes (Q59, B24, B62, B39, Q54), providing easy access to Manhattan and other Brooklyn neighborhoods. The Marcy Ave subway station (J,M,Z lines) is a 7-minute walk, the Bedford Ave L train is an 8-minute walk, and the Metropolitan Ave G train is also an 8-minute walk away. This high-traffic area boasts a strong tenant mix, including well-known brands such as Sweetgreen, Sephora, Whole Foods Market, Equinox, and many more local favorites, creating a desirable and thriving commercial environment. The property's excellent location and proximity to public transportation make it an ideal investment opportunity for a variety of retail businesses. This single-tenant space presents a unique chance to establish a presence in one of New York City's most sought-after neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $746,960

  6.5%

  $689,502

  7%

  $640,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,322

  Geo Method

  $590,322

• Alternative Use

  Use

  Valuation

  Residential

  $854,982

  Hospitality

  $783,159

  Educational

  $651,579

  Medical

  $673,988

  Retail

  $1,013,568

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.713

Longitude

-73.957

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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