About This Home

This 1-bedroom, 1-bathroom commercial at 551 Grand Street in Brooklyn, NY is listed for $3,200,000 ($948 per sqft). the home offers 3,375 sqft of living space on a N/A lot.

Property Details

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Listing Description

Rare Williamsburg Mixed-Use Opportunity A unique opportunity to own a two-story mixed-use property in a prime Williamsburg location. Currently owner-occupied and used as a live/work arrangement, the property has no tenants in place and will be delivered vacant, offering exceptional flexibility for an end user, investor, or developer.

It Features: - 1 Residential Unit - 1 Commercial Unit, currently used as the owner's workspaces - Full Basement Current Layout: 1st Floor: Commercial Space 2nd Floor: 2 Bedrooms, 1 Bathroom, Living/Dining Room & Kitchen (Railroad Layout) Property Details: Lot: 22.5 x 100 ft 1st Floor: 22.5 x 100 ft 2nd Floor: 22.5 x 50 ft Total Building Area: Approx.

3,375 sq ft Taxes: $3,615.20/year* Zoning: R7A / C2-4 Maximum FAR: 4.0 Qualified Opportunity Zone Ideally located just moments from the G and L trains at Metropolitan Avenue-Lorimer Street, the property offers convenient access throughout Brooklyn and Manhattan.

Bedford Avenue, McCarren Park, Whole Foods, Lidl, and Williamsburg's abundance of restaurants, cafes, shops, and neighborhood amenities are all within easy reach. Grand Street continues to evolve, making this an especially compelling opportunity in one of Brooklyn's most dynamic neighborhoods.

Located within a Qualified Opportunity Zone and offering unused FAR, the property presents potential for expansion or future development, subject to zoning and applicable approvals. Whether envisioned as a distinctive live/work property, an income-producing mixed-use asset, or a development opportunity, this vacant building offers a rare combination of location, flexibility, and future potential. Please note that the current property tax bill reflects Enhanced STAR and Senior Citizen Homeowner exemptions/abatements.

Monthly Cost Estimate

$17,114/mo

20% down · 6.5% · 30 years

Principal$2,314
Interest$13,867
Insurance$933

Estimates only. Actual payments may vary.

Location

551 Grand Street

Brooklyn, NY 11211

Williamsburg

Questions & Answers

This 1-bedroom, 1-bathroom commercial at 551 Grand Street is listed at $3,200,000 ($948/sqft). The estimated monthly payment is $17,114 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Ania Ishizaki.

AI

Ania Ishizaki

Agent at Compass

Listed by Compass · Broker phone: 6469820353

MLS# 12019799· Source: My State MLS· 20 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

551 Grand Street, Brooklyn, NY 11211

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