1 Bed
1 Bath
3,375 sqft
$3,200,000
551 Grand Street, Brooklyn NY, 11211
Price per sqft$948.15
Built in1920
Property size3,375 sqft
Property typeResidential
Overview
Active
Listed Oct 1, 2026
Updated 20h ago
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.
$21,290/mo
Est. mortgage payment based on a $3,200,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- RLS20118609
Interior Features
- Bedrooms
- 1
- Bathrooms
- 1
- Basement
- No
Exterior Features
- Lot Size
- 0.05 Acres
Other Property Details
- Taxes
- $3,615
- Tax Frequency
- Annually
- HOA Frequency
- Monthly
Listing Courtesy of Compass - Anna Ishizaki
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.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
RLS Data display by Compass. Data last updated on 10/9/2026 at 4:21 AM UTC