774 Grand St, Brooklyn, NY 11211213 Maujer St, Brooklyn, NY 11206
Brooklyn Grand
Asset ClassMixed Use, Retail, Multifamily
Rare Williamsburg’s Premier Luxury Mixed-Use Development Opportunity
Overview
- Two separate, adjacent buildings complete with modern amenities.
- The buildings have separate mechanical systems but benefit from operational efficiencies including staffing, management and a shared amenity package.
- 774 Grand Street is eight stories, contains 74,172-square-feet and includes two elevators, which service the lower level through roof, and the lower level through penthouse. 213 Maujer Street is a Free Market building with four stories, contains 5,876-square feet and is a walk-up.
- Expansive rooftop terrace with abundant outdoor amenities spanning 3,467 square feet with unobstructed views of the Manhattan skyline.
- Backyard garden and lounge area, along with multiple private terraces provide significant outdoor spaces.
- State-of-the-art fitness center on the second floor of 774 Grand Street.
- Parking garage with 19 spaces (offered to residents for $325 per month), bike storage with 20 spaces (offered to residents for $20 per month) and 33 storage units (offered to tenants for $75 to $150 per month).
- Workspace lobby lounge complete with complimentary WiFi is available for residents and guests.
Investment Highlights
- Rare opportunity to acquire Williamsburg’s premier luxury mixed- use development, completed in 2016, certified as a NYC Green Building and named 2018’s Brooklyn building of the year
- Approximately 19 years remaining on 25-year 421(a) Tax Exemption on 774 Grand Street
- Strong occupancy in a historically strong market.
- Numerous demand drivers in the immediate vicinity include many of Brooklyn’s and lower Manhattan’s professional, educational, cultural, religious and entertainment destinations.
- Long-term rent growth potential in a historically supply-constrained neighborhood.
- 10,717-square-feet of ground floor Class A retail space with excellent corner visibility (125 feet of frontage on Grand Street and 72 feet of frontage on Humboldt Street)
Photo Gallery
774 Grand StBrooklyn, NY 11211774 Grand St, Brooklyn, NY 11211213 Maujer St, Brooklyn, NY 11206
Listing provided by Revere CRE