471 Grand St #1, Brooklyn, NY 11211

Perfect for an investor or primary residence, 471 Grand Street features a fully finished cellar, a commercial space, two residential units, and an expansive backyard. The new owners will have many opportunities with this property. This could be an income producing property with all of the spaces rented, a new development project with additional FAR, or a primary residence with a lucrative storefront. This home will be delivered vacant and in move-in ready condition with updated kitchens and bathrooms. The storefront retail space consists of 900 square feet and could be combined with the cellar and outdoor space to create an attractive business opportunity. Well positioned on Grand Street near retail, wine stores, bars, and restaurants - there is demand for products and services from the growing neighborhood. The two, floor-through residential spaces are flooded with natural light and feature upgraded kitchens and bathrooms. The second floor unit has three bedrooms, an open kitchen with an island, a spacious living room, a double vanity bathroom, and a walk-in closet. The third floor unit offers a split floor plan with two bedrooms, a large bathroom, and a galley kitchen. The outdoor space, if not used for the retail establishment, may be accessed by the residential units further increasing the potential rental value of the property. The cellar space was recently finished with tile floors and offers significant storage space for either the retail space and/or the residential units - with plenty of room for bike or cage storage. There are also hook ups for laundry. Please reach out to schedule a viewing today.