--- title: "551 Grand Street, New York City, NY 11211" description: "551 Grand Street, New York City, NY 11211 — Williamsburg, New York City, NY. Listing Price $3,200,000. 1 bed, 1 bath, 3,375 sqft Illustrative Buyer Commission Share of $48,000 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11211/551-grand-street-ny-11211" source: "Real Estate Rebate Team" dateModified: "2026-10-08T17:45:24.336Z" status: "Active" --- # 551 Grand Street, New York City, NY 11211 Williamsburg, New York City, NY Courtesy of Compass Last updated: October 8, 2026, 1:45 PM ## At a Glance - **Listing Price**: $3,200,000 - **Beds**: 1 - **Baths**: 1 - **Sqft**: 3,375 - **Monthly Taxes**: $301 / mo - **Price per Sqft**: $948 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $3,200,000 - **Illustrative Buyer Commission Share**: -$48,000* - **Illustrative Net Cost**: $3,152,000 *Illustrative Buyer Savings of $48,000 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (2) ![551 Grand Street, New York City, NY 11211 — photo 1 of 2](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0e90f93f-57c2-4d8c-9a69-333270c10836.png) ![551 Grand Street, New York City, NY 11211 — photo 2 of 2](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/edb9aa4b-a877-4c5b-a119-59a626e219b3.png) ## Property Overview 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 × 100 ft 1st Floor: 22.5 × 100 ft 2nd Floor: 22.5 × 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, cafés, 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. ## Property Details - **Property Type**: Mixed Use - **Beds**: 1 - **Baths**: 1 - **Rooms**: 5 - **Sqft**: 3,375 sqft - **Stories**: 2 - **Year Built**: 1920 - **Price per Sqft**: $948 - **Monthly Taxes**: $301 / mo - **Listed On**: Oct 8, 2026 - **Days on Market**: 1 Days ### Residence Features - See Remarks ## Estimated Monthly Payment **$16,482 / month**, assuming a 20% down payment ($640,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $16,181 - **Property Taxes**: $301 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $3,200,000 - **Median sold price**: $1,087,500 - **Difference**: +$2,112,500 (+194.3%) - **This home, $/ft²**: $948 - **Median $/ft²**: $1,569 - **Comparable sales**: 142 - **Sales from**: October 2024 – August 2026 - **Middle half of those sales**: $960,250 – $1,247,500 Based on condo one-bedroom sales in Williamsburg. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Williamsburg instead. ### How these sales were negotiated - **Sale-to-list price**: 100% (117 sales) - **Sold below asking**: 49% (117 sales) - **Typical time to find a buyer**: 43 days (119 sales) - **Typical time to close**: 67 days (119 sales) Based on condo one-bedroom sales in Williamsburg with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. ### Price trend Median sale price, condo and house one-bedroom sales in Williamsburg | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $896,060 | 45 | | 2017 | $905,691 | 90 | | 2018 | $915,000 | 89 | | 2019 | $970,062 | 70 | | 2020 | $885,000 | 53 | | 2021 | $955,000 | 72 | | 2022 | $1,051,018 | 100 | | 2023 | $1,083,500 | 54 | | 2024 | $1,050,000 | 54 | | 2025 | $1,145,531 | 71 | | 2026 YTD | $1,010,000 | 60 | Based on recorded condo and house one-bedroom sales in Williamsburg. 2026 is year-to-date. Sales data through August 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 551 Grand Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/551-grand-street) ## About The Building ### 551 Grand Street 551 Grand Street, Brooklyn, NY 11211 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1920 - **Active Units**: 1 - **Floors**: 2 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/551-grand-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11211/551-grand-street-ny-11211) | 1 | 1 | 3,375 sqft | $948 | $3,200,000 | Compass | Oct 8, 2026 | 1 days | ## Williamsburg Overview of Williamsburg [Explore Williamsburg](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Williamsburg - [Greenpoint real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/greenpoint) - [Navy Yard real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/navy-yard) - [Clinton Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill) - [Bushwick real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) - [Vinegar Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/vinegar-hill) ## Related Links - [551 Grand Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/551-grand-street) - [Williamsburg neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.