---
title: "697 GRAND Street, Brooklyn, NY 11211"
description: "697 GRAND Street, Brooklyn, NY 11211 — NYC real estate listing on Real Estate Rebate Team. Priced at $3,990,000. Est. potential buyer savings up to $99,750 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11211/697-grand-street-ny-11211"
source: "Real Estate Rebate Team"
---

# 697 GRAND Street, Brooklyn, NY 11211

> **Listing Courtesy of:** Corcoran Group

## Description

Introducing 697 Grand Street - A 3 story, 8420 SF mixed use building in the heart of thriving East Williamsburg. Boasting over 25' of frontage in this super-prime corridor, the property presents a rare opportunity to acquire a stable, income producing asset, with tremendous upside in its buildability and conversion to free market status. Solid 2005 build with steel & masonry construction, offered in excellent condition, with 4 residential units and 1 commercial space. The apartments are 900SF each, configured as 2 bedroom/1 bath units, with large proportions and modern finishes. Each unit has its own hot water heater, and is individually metered for gas and electric, keeping ownership costs to a minimum. The commercial space runs the full span of the building, with full glass frontage along Grand Street, plus basement and open back lot area. Massive potential with >4500 SF of buildable area, and an ideal setback on the second floor to create. The 421A tax exemption expires in 2033, deregulating the property to free market status, and robust rent growth. Desirable 2A tax class ensures a stable, predictable budget. Exceptional East Williamsburg location, minutes from both Graham Avenue and Grand Street "L" subways, with flourishing residential and commercial development in every direction. Triple-wide sidewalk and protected bike lane directly outside. 
 
   INVESTMENT HIGHLIGHTS
   Superb Grand Avenue (Graham/Powers St) location with >25' frontage
   Built in 2005 with steel/masonry construction
   Separate hot water heaters & gas/electric meters for each unit
   >4500 buildable SF
   421A Tax abatement expires in 2033
   Upside to 6.5% Cap Rate with free market rents
   Protected 2A Tax Class
 
   Lot dimensions: 26 ft X 125 ft
   Lot SF: 3,238
   Building dimensions: 25.83 ft x 96.12 ft
   Building SF: 8,420 
   Mixed Use Building
   4 Residential Units. 1 Commercial Space
   Current FAR: 2.60
   FAR: 4
   Buildable Area: 4533 SF

## Property Details

- **Price**: $3,990,000
- **Potential Buyer Rebate**: $99,750
- **Bedrooms**: 8
- **Bathrooms**: 4
- **Living Area**: 8,420 sqft
- **Property Type**: Residential
- **Year Built**: 2005
- **Building**: 697 GRAND Street
- **Neighbourhood**: Williamsburg
- **Area / Borough**: Brooklyn
- **Subdivision**: Williamsburg
- **Listing Office**: Corcoran Group
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$99,750** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/697-grand-street)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/williamsburg)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

---

> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.