--- title: "697 GRAND Street, New York City, NY 11211" description: "697 GRAND Street, New York City, NY 11211 — Williamsburg, New York City, NY. Listing Price $3,990,000. 8 bed, 4 bath, 8,420 sqft Illustrative Buyer Commission Share of $59,850 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11211/697-grand-street-ny-11211" source: "Real Estate Rebate Team" status: "Active" --- # 697 GRAND Street, New York City, NY 11211 Williamsburg, New York City, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $3,990,000 - **Beds**: 8 - **Baths**: 4 - **Sqft**: 8,420 - **Monthly Taxes**: $2,554 / mo - **Price per Sqft**: $474 - **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**: $3,990,000 - **Illustrative Buyer Commission Share**: -$59,850* - **Illustrative Net Cost**: $3,930,150 *Illustrative Buyer Savings of $59,850 — 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 (9) ![697 GRAND Street, New York City, NY 11211 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a938302e-b2d7-47cd-aaed-83eb59f321cc.jpg) ![697 GRAND Street, New York City, NY 11211 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/daba7728-5e1d-4844-99af-d7ccee460132.jpg) ![697 GRAND Street, New York City, NY 11211 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/758fa158-7103-4929-aec5-b862d1d646f4.jpg) ![697 GRAND Street, New York City, NY 11211 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4f883d4f-2001-4981-a7f3-50b9d8d96b8b.jpg) ![697 GRAND Street, New York City, NY 11211 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/22b7d540-56ad-4622-8c95-06f609b236c8.jpg) ![697 GRAND Street, New York City, NY 11211 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1bcbd809-78d1-48ba-985b-4bfb7515fa07.jpg) ![697 GRAND Street, New York City, NY 11211 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/77812217-b863-42d7-bf12-b1a46bcb35fa.jpg) ![697 GRAND Street, New York City, NY 11211 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0c84f5a4-c1a3-4755-9e09-35f4cb56cd5f.jpg) ![697 GRAND Street, New York City, NY 11211 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2c9daa2a-3d82-4cb2-8995-a0645b273840.jpg) ## Property Overview 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 - **Property Type**: Mixed Use - **Beds**: 8 - **Baths**: 4 - **Rooms**: 16 - **Sqft**: 8,420 sqft - **Stories**: 3 - **Year Built**: 2005 - **Price per Sqft**: $474 - **Monthly Taxes**: $2,554 / mo - **Listed On**: Jul 13, 2026 - **Days on Market**: 62 Days ### Residence Features - In Unit - Smoke Free ## Property Tax History Taxes at 697 GRAND Street were $32,787 in 2026, up 6.5% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $934,200 | $166,950 | $767,250 | $720,726 | $32,787 | 12.5% (estimated) | | 2025 (FY 2025/26) | $1,038,600 | $166,950 | $871,650 | $667,339 | $30,797 | 12.5% (estimated) | | 2024 (FY 2024/25) | $1,298,250 | $166,950 | $1,131,300 | $647,565 | $30,059 | 12.5% | | 2023 (FY 2023/24) | $1,205,100 | $166,950 | $1,038,150 | $646,656 | $30,030 | 12.502% | | 2022 (FY 2022/23) | $1,186,200 | $166,950 | $1,019,250 | $598,757 | $27,714 | 12.267% | | 2021 (FY 2021/22) | $1,118,700 | $166,950 | $951,750 | $554,405 | $26,023 | 12.235% | | 2020 (FY 2020/21) | $1,228,500 | $166,950 | $1,061,550 | $513,338 | $24,589 | 12.267% | | 2019 (FY 2019/20) | $1,240,380 | $166,950 | $1,073,430 | $498,127 | $24,436 | 12.473% | | 2018 (FY 2018/19) | $497,428 | — | — | $497,428 | $62,736 | 12.612% | | 2017 (FY 2017/18) | $460,582 | — | — | $460,582 | $58,581 | 12.719% | | 2016 (FY 2016/17) | $426,465 | — | — | $426,465 | $54,980 | 12.892% | | 2015 (FY 2015/16) | $394,875 | — | — | $394,875 | $50,872 | 12.883% | | 2014 (FY 2014/15) | $383,175 | — | — | $383,175 | $49,257 | 12.855% | | 2013 (FY 2013/14) | $382,637 | — | — | $382,637 | $50,298 | 13.145% | | 2012 (FY 2012/13) | $354,294 | — | — | $354,294 | $46,699 | 13.181% | | 2011 (FY 2011/12) | $328,050 | — | — | $328,050 | $44,067 | 13.433% | | 2010 (FY 2010/11) | $303,750 | — | — | $303,750 | $40,560 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3027820035. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 697 GRAND Street 697 GRAND Street, Brooklyn, NY 11211 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 2005 - **Total Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/697-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/11211/697-grand-street-ny-11211) | 8 | 4 | 8,420 sqft | $474 | $3,990,000 | Corcoran Group | Jul 13, 2026 | 61 days | ## Estimated Monthly Payment **$22,730 / month**, assuming a 20% down payment ($798,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $20,176 - **Property Taxes**: $2,554 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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 - [697 GRAND Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/697-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.