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774 Grand St, Brooklyn, NY 213 Maujer St, Brooklyn, NY
Brooklyn Grand
Asset ClassMixed Use, Retail, Multifamily
Rare Williamsburg’s Premier Luxury Mixed-Use Development Opportunity
overview of deal

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.
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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)
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774 Grand StBrooklyn, NY 11211

Sales Team

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Listing provided by Revere CRE