| 50,000 Gross-foot mixed Residential and Retail Elevator four story renovated in year 2001 Williamsburg Blockfront Havermeyer between Grand and South First Plot Slightly irregular 185 feet by 85 feet 318 Grand Street contains 29 Loft apartments averaging 1,000 feet and 7 ground floor retail including restaurants.Renovated using J-51 tax abatement and exemption. J-51 Stabilization expires in 2017. Each unit is heated by it’s own gas furnace; Gas and Electric paid by tenant. water submetered for all units. Units are dramatic, some with 25 foot ceilings, private decks, and duplexed with former mezzanines and balconies. |
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| link to sketches of individual units |
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318 GRAND STREET BROOKLYN NY 11211 BROKERS WELCOME AND PROTECTED |
BROKERS - PHOTOS MAY BE DRAGGED TO DESKTOP |
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ABOUT |
LINKS TO PLANS | 318 Grand Street in Williamsburg Brooklyn has 37 units 7 retail units on the ground floor including four food establishments, one sports bar, one boutique, and one supers unit that can be converted to retail. | |
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| J-51 STABILIZATION ENDS JUNE 30 2017 - REVERTS TO MARKET | BROKER FEE PAID BY BUYER |
29 residential units on all floors. Including duplexes and units with balconies, private decks, 25’ ceilings, and many other unique details. Each residential unit has its own modern high efficiency mechanicals. Every unit has gas fired forced hot air condensing space heaters and gas fired hot water heaters. Meters measure all utilities gas, water, and electric. Gas and electric are utility meters billed directly to tenant from the utility. Water meters are sub meters and can be charged to the tenants accordingly. All mechanicals are new from 2001 as are all delivery systems wiring, gas line, water and waste lines. All party walls have four layers of 5/8” drywall on metal studs for sound & fire abatement. The building is fully sprinklered and central station alarmed. A voice intercom is provided with remote front door unlock. Roof access for those without private roof decks is provided and the new self-serve elevator runs from the basement to the shared roof deck. A laundry room in the basement offers extra machines for no waiting. Many essential systems are redundant. Basement drains are indirect for protection from city sewer overpressure during sudden rain storms. All roof drains are redundant. All copper lines are electrolytically protected from other metals such as cast iron pipes and metal studs. Residential bathrooms are ceramic tile and cast iron tub/shower. Many units have two bathrooms. Sidewalk traffic is robust and a supermarket is across the street. Popular subway stations are nearby and convenient as are popular restaurants including the four in the building. | |
Annual |
BLOCK 2396 / LOT 1 | History Purpose built as a wedding and performance venue in 1901, 318 Grand Street is popularly know in Williamsburg Brooklyn as “The Ballroom Building.” Gut renovation was done in 2001. Building is zoned residential with a commercial overlay. Future: J-51 expires in 2017 | |
2012 $35,744.99 |
36 UNITS TOTAL |
This building is one of the few left in Williamsburg that is based on an old skeleton and has the vintage charm so sought after by those who move to Williamsburg Brooklyn for its reputation as a neighborhood of converted ‘artist’ lofts. Tenants are chosen from a large pool and requests for tenancy arrive almost everyday though a dedicated website http://brooklynlofts.com and 14 years of brand defining advertising campaigns. The restaurants/retail units are carefully chosen, successful, well know, and add character and desirability to the residential units. There is always a waiting list for units when they become available. | |
2013 $39,289.42 |
7 RETAIL / 29 RES | this building has earned an outstanding reputaion for beautiful units and helpful management. Tenant comfort and conveniece are considered an important investment | |
2014 $42,185.78 |
res units average 1000 sq feet | the building commands a following and is sought after by grammy winning artists as well as those in the financial industry and the most successful in the internet economy. | |
| Monthly Gross Income Jan 2015 $125,714.00 | total gross building approx 50,000 square feet including common |
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contact owner@318grand.com