471 Grand Street
Brooklyn, NY, 11211 $ 2,535,000
Bedrooms5 Baths2.2 Sq 3,000 Monthly Estimate*
$ 16,848
for $2,535,000 with 5 bedrooms and 2 full baths, 2 half baths. This 3,000 square foot townhouse was built in 1910.
Perfect for end-users and investors alike! Own an entire building in dynamic Williamsburg for much less than a condo and enjoy room to spare. Situated on vibrant Grand Street with easy access to restaurants, shops, amenities and public transportation in every direction, this light-flooded loft-like building offers two spacious residential apartments above a large storefront that flows out to a sensational garden. Not your typical cookie-cutter home, this is where old meets new in the way historic details like exposed brick, hand carved banisters and high ceilings meet with renovated kitchens and baths. A charming garden comes complete with old fashioned streetlights and bluestone pavers and awaits your next party, or perhaps will be home to the newest hotspot in town.Perfect for an artist, musician or maker looking to work from home while also potentially showcasing their wares in the storefront; a savvy investor who sees the massive upside potential; or just a smart end-user looking to live for free while collecting rent from one or two floors. Well-maintained over the years by the current owner, this building is currently configured with a generous and deep storefront (delivered vacant and waiting to be white-boxed), a three-bedroom apartment on the second floor and a two-bedroom apartment on the top floor (both apartments also delivered vacant). Move right in as-is and enjoy a backyard from the common hallway, easy to be enjoyed by all residents should you so choose. And don't miss the finished English basement that includes a full bathroom and washer and dryer hookup, very easily transformed into a great gym, workspace or storage area.The storefront is built extra deep and is just waiting the new owner to come to life in a myriad of ways such as a restaurant, gallery, woodshop, art or music studio. Situated on a sunny and convenient corner, you can be assured of great foot traffic exposure, easy access, and amazing square footage if you just want to work from home and take breaks in your oversized garden. Head upstairs to a luminous three-bedroom apartment that enjoys a renovated kitchen with granite countertops and stainless appliances, hardwood floors, high ceilings, and a renovated windowed bathroom with double marble vanity and glass enclosed shower. The top floor 2-bedroom apartment is an absolutely enchanting example of rustic modern style with its exposed brick walls, oversized skylight, and fully renovated kitchen with a subway-tiled wall, black granite countertop, split-layout, and the opportunity to add a deck off the kitchen on top of the deep extension on the bottom two floors. The cellar is clean and dry and features a classic Brooklyn black and white mosaic full bathroom, tiled floors, and is easily accessible from the common space and the storefront (depending on whether you want to rent it to a tenant or live upstairs and keep it for yourself). Tenants pay their own heat and electric with separate boilers in the basement. For the intrepid owner, there is also an additional 3000 SF ofair rights that can be utilized down the road. Built 19' wide on a 95' deep lot. Projected rents are: $5500 to $6000 for the storefront, $5800 for the three-bedroom and $5000 for the top floor 2 bedroom. Taxes are incredibly low at only $3297 per YEAR making this an even more incredible investment for anyone needing lots of space in Brooklyn's most exciting neighborhood.
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FeaturesInteriorBasement Other
Total Fireplaces 1
Fireplace Features Decorative
Total Stories 3
Basement (Y/N) No
Air Conditioning Y/N No
Fireplace Y/N Yes
Full Baths 2
Half Baths 2
Street Suffix Street
Laundry Features WasherHookup InUnit
Total Bedrooms 5
Entry Level 1
Total Baths 3
Living Area Units SquareFeet
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GeneralGarage Spaces 0.0
Patio/Porch Features None
Pets Allowed BuildingYes No
Year Built 1910
View Other
Property SubType Townhouse
County Kings
New Construction No
Property Type Residential
Subdivision Name Williamsburg North
Garage Y/N No
Building Features GreenBuilding
Total Rooms 9
City NewYorkCity
View Y/N No
Total Units 3
Street Name GRAND
Land Lease Y/N No
Tax Annual Amount 3300.0
Structure Type Townhouse
Building Area Units SquareFeet
Standard Status Pending
Tax Lot 0029
Expected Active Date 2024-02-07
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ExteriorLot Size Area 1781.25
Building Area Total 3000.0
Lot Dimensions 95.00x18.75
Lot Size Units SquareFeet
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* Excluded FeaturesList ByDeborah RiedersListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $16,848
- Monthly Property Taxes
- $275
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTownhouse listings in Brooklyn, NY
Average List Price $2,814,014
Percent of Sale Price 11%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1503813 Elementary School
1503814 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/2/2024 | $2,535,000 | -1.55% | Price Down |
2/8/2024 | $2,575,000 | | Listed Price |