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Rental BuildingWilliamsburg

686 GRAND Street #RETAIL, New York City, NY 11211

Listing Courtesy of Corcoran Group

$8,500/mo

Potential Rebate: $128

Rental Building
Studio
1 Bath
2 Rooms
4,500 sqft
Built 1920
4 Stories
2/ft²
Listed on Jan 29, 2020
2162 days on market

Overview

Massive retail commercial space on Grand Street in the red hot thoroughfare in Williamsburg.<br> <br> Situated on a full built 25X100 lot, this space has 4500+ sqft of retail store front configured as a gigantic 2300 sqft open loft space. The retail space has gorgeous 15ft ceilings and tons of light. Opportunities abound for any business that may need high visibility and foot traffic. There is an additional 2250 sqft lower level of basement available for rent.<br> <br> New Updates include: Bamboo floors throughout, new windows, exposed brick walls, new electrical, updated plumbing, and 2 bathrooms. The space is clean and ready for your build out. Additional basement space available for lease.<br> <br> Triple Net Lease. Minimum term 5 years.<br> <br> This is a commercial space and no application fees are applicable. <br> <br>

Home Features

  • Private Outdoor Space Under 60 Sqft
  • Smoke Free

Estimated Monthly Payment

$42 per month

30 year fixed, 6.28% Interest

Principal and Interest
$42
Property Taxes
$0
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$128

Monthly savings impact

$0/mo

Effective Purchase Price

$8,373

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

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Price Analysis

Compare average listing prices and value metrics for 686 GRAND Street against the surrounding Williamsburg market.

Based on 1 active unit in building vs 153 in area

Average List Price

Building$8.5K
Neighborhood$1.5M

Price Per SqFt

Building Avg$2/ft²
Neighborhood Avg$1,440/ft²
Value Opportunity

99.87% Lower

than the Williamsburg price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Williamsburg

Overview of Williamsburg

Williamsburg is the global poster child for urban cool. Located just across the East River from Manhattan, it is a cultural powerhouse known for its nightlife, art scene, and trendsetting style. For buyers seeking Williamsburg Brooklyn real estate, it offers the city's most dynamic and energetic living environment.

Living in Williamsburg is fast-paced. The neighborhood is divided into the ultra-modern waterfront (Northside), the grittier Southside, and the quieter Italian/hipster mix to the east. As a premier Brooklyn NYC neighborhood, it rivals downtown Manhattan for influence and price.

Real Estate & Housing Market

The market for homes for sale in Williamsburg is premium. The waterfront is lined with "glass castles" like The Edge and Domino Sugar Factory. Inland, you find converted lofts and renovated tenements.

Demand is insatiable, driven by a young, affluent demographic that prioritizes amenities, views, and proximity to the L train.

Lifestyle & Community

The lifestyle in Williamsburg is 24/7. Bedford Avenue is the main drag, packed with tourists and shoppers. The dining scene is world-class, featuring institutions like Peter Luger alongside new hotspots.

The community is a mix of creative professionals, young families (the "stroller brigade" on the waterfront), and long-time residents, though gentrification has shifted the balance heavily toward the wealthy.

Transportation & Accessibility

Williamsburg is served by the L, G, J, M, and Z trains. The L train at Bedford Ave is one stop from Manhattan, making the commute incredibly fast.

The Williamsburg Bridge offers a bike path that sees thousands of cyclists commuting daily. The ferry terminals at North and South Williamsburg provide a relaxed alternative.

Parks, Schools & Amenities

Domino Park and Marsha P. Johnson State Park (East River State Park) are the jewels of the waterfront. McCarren Park is the active center for sports and picnics.

Amenities are unmatched: Whole Foods, Apple Store, Equinox, and hermès. Williamsburg has effectively become a self-sufficient city.

Who This Neighborhood Is Best For

Williamsburg is best for socialites, trendsetters, and young families who want the excitement of Manhattan with the fresh air and views of Brooklyn.