566 Grand St.
Williamsburg | BK | Lorimer Street & Union Avenue
Ownership
Commercial
Lot Size
25'x75'
Floors/Apts
6/5
Status
Active
Real Estate Taxes
[Per Annum]
$ 3,912
Year Built
2018
Property Description
566 Grand Street is a vacant 1,875-square foot lot zoned R7A/C2-4. FAR: 3.45. Delivered with DOB approved architectural plans for 7,875 gross buildable square foot 6-story, 5 unit condominium development. Located between Union Avenue & Lorimer Street, the area represents a natural extension for prime Williamsburg development.
Over the last decade, East Williamsburg has undergone a transformation and is now positioned for even more growth. The neighborhood is teeming with new and planned residential developments, with projects surrounding the site in all directions, including multiple projects already underway and recently completed on the same block. The subject property is also located steps away from a planned 88-unit residential development featuring a Key Food supermarket at 575 Grand Street. Due to swelling population demands, over 7,000 residential units are in the development pipeline and, since the 2005 rezoning, over 10,000 luxury residential units have already been developed and occupied. New developments can expect to capitalize on the increasing residential rents, currently reaching over $60/sf and condominium sellout prices achieving over $1,300/sf.
Over the last decade, East Williamsburg has undergone a transformation and is now positioned for even more growth. The neighborhood is teeming with new and planned residential developments, with projects surrounding the site in all directions, including multiple projects already underway and recently completed on the same block. The subject property is also located steps away from a planned 88-unit residential development featuring a Key Food supermarket at 575 Grand Street. Due to swelling population demands, over 7,000 residential units are in the development pipeline and, since the 2005 rezoning, over 10,000 luxury residential units have already been developed and occupied. New developments can expect to capitalize on the increasing residential rents, currently reaching over $60/sf and condominium sellout prices achieving over $1,300/sf.
566 Grand Street is a vacant 1,875-square foot lot zoned R7A/C2-4. FAR: 3.45. Delivered with DOB approved architectural plans for 7,875 gross buildable square foot 6-story, 5 unit condominium development. Located between Union Avenue & Lorimer Street, the area represents a natural extension for prime Williamsburg development.
Over the last decade, East Williamsburg has undergone a transformation and is now positioned for even more growth. The neighborhood is teeming with new and planned residential developments, with projects surrounding the site in all directions, including multiple projects already underway and recently completed on the same block. The subject property is also located steps away from a planned 88-unit residential development featuring a Key Food supermarket at 575 Grand Street. Due to swelling population demands, over 7,000 residential units are in the development pipeline and, since the 2005 rezoning, over 10,000 luxury residential units have already been developed and occupied. New developments can expect to capitalize on the increasing residential rents, currently reaching over $60/sf and condominium sellout prices achieving over $1,300/sf.
Over the last decade, East Williamsburg has undergone a transformation and is now positioned for even more growth. The neighborhood is teeming with new and planned residential developments, with projects surrounding the site in all directions, including multiple projects already underway and recently completed on the same block. The subject property is also located steps away from a planned 88-unit residential development featuring a Key Food supermarket at 575 Grand Street. Due to swelling population demands, over 7,000 residential units are in the development pipeline and, since the 2005 rezoning, over 10,000 luxury residential units have already been developed and occupied. New developments can expect to capitalize on the increasing residential rents, currently reaching over $60/sf and condominium sellout prices achieving over $1,300/sf.
Care to take a look at this property?
Jordana Kava
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
