Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2000
Building Area Gross
Number of units 71

Property description

JLL has been retained on an exclusive basis to represent the sale of The Brooklyn Grand, located at 284 Humboldt Street in Williamsburg, Brooklyn. The 8-Story, 64-Unit mixed-use elevator building offers residents top-of-the line amenities in one of the hottest neighborhoods in Brooklyn. It was also 2018’s Brooklyn Building of the year. The offering includes 213 Maujer Street, a 4-Story, 7-Unit residential building that shares amenities with 284 Humboldt Street.

Investment highlights

THOUGHTFUL & CUTTING-EDGE DESIGN

The Brooklyn Grand is a unique converted warehouse aesthetic with contemporary comfort, cultivating an experience unlike any other. The property boasts large, well-appointed units, perfect for working from home. The Property is perfectly positioned at the corner of Grand and Humboldt Street, capitalizing on the continuous growth and thriving market of Williamsburg. The well thought out and modern amenities placed throughout the Property offer the perfect place to live for people of all ages.

PREMIER LOCATION

Williamsburg offers residents Michelin-starred restaurants, various clubs and bars, and the pedestrian-friendly Grand Avenue retail corridor. Situated between the heart of Williamsburg and Bushwick, the exciting neighborhood caters to the demand from the influx of millennials and families in the area for the trendiest restaurants, culture, arts, and nightlife.

WELL-POSITIONED FOR RENT GROWTH

With nearly a 10% spread between legal and preferential rents, the Brooklyn Grand offers the opportunity to capture significant rent growth in the highly sought-after Williamsburg market.

SIGNIFICANT DEMAND

Due to the proximity to Manhattan and its top-of-the-line amenities, The Brooklyn Grand has capitalized on the increase of residential demand in Williamsburg. In addition, The Grand Street Retail Corridor is a significant value driver for potential commercial tenants.

STREAMLINED ACCESS TO MANHATTAN

The property is on the same block as the Grand Street L train, offering seamless access to Manhattan in less than 15 minutes for residents, commercial tenants, and their clients.

Last Updated Date: 18 Feb 2022

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Last Updated Date: 18 Feb 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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