12 Grattan StBrooklyn, NY 11206

Property Details for 12 Grattan St

Year built

1931

Lot size

0.06 AC

Property size (Sq ft)

2,500 SF

Zone code

M1-2

Property type

Retail space

APN

03102-0012

APU

31020012

Description

This exceptional mixed-use property, located at 12 Grattan Street in Brooklyn, NY 11206, presents a compelling investment opportunity. The building, constructed in 1931, boasts 2,500 square feet on a 0.06-acre lot (2,500 sq ft lot). Currently vacant, this property offers significant potential for a variety of uses, thanks to its M1-2 zoning. Its convenient location in Williamsburg, near major thoroughfares and cross streets like Bogart Street, ensures high visibility and accessibility. The property is situated in an Opportunity Zone, offering potential tax advantages. Annual property taxes are $16,571. Note that the adjacent property at 10 Grattan Street is also available for purchase, presenting the possibility of acquiring a larger contiguous holding. This is an ideal opportunity for owner-users seeking a prime location in a thriving Brooklyn neighborhood. The property's size and zoning make it suitable for a range of retail or other permitted uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $607,587

  6.5%

  $560,850

  7%

  $520,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $823,158

  Geo Method

  $823,158

• Alternative Use

  Use

  Valuation

  Residential

  $473,098

  Hospitality

  $433,355

  Educational

  $360,546

  Medical

  $372,946

  Retail

  $560,850

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7053

Longitude

-73.9327

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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