$43.5M Sale of 57,500 SF Mixed-Use Elevator Building, ONE Announces.

Brooklyn, NY – March 20, 2018 

ONE Commercial Realty Services has arranged the sale of 456 Grand Street for $43.5M. The subject property is a six (6) story, mixed-use elevator building, totaling 57,500 square feet, fifty-two (52) rent stabilized residential units and two (2) retail tenants, built in 2013. The property is located on the southeast corner of Keap Street and Grand Street in the Williamsburg Neighborhood of Brooklyn.

The residential units boast top of the line finishes, including oak hardwood flooring, floor to ceiling windows, private balconies and terraces in select units and individually controlled heat & central A/C as well as stainless steel kitchen appliances and fully tiled bathrooms. Building amenities include a fitness center, bike storage, an on-site 17,500 SF parking garage, virtual doorman, two common roofs for tenants to enjoy, laundry room, and solar panels that power all common spaces. Exclusive agents Josh Lipton and David Chase represented the owner.

“Situated in the heart of Brooklyn, 456 Grand’s location continues to blossom and serves as a catalyst for the entirety of the Brooklyn submarket,” said David Chase.

“The Southeast corner of Keap Street and Grand Street is a highly visible location that is ideal for a mixed-use development,” Josh Lipton said. “The site benefits from heavy foot traffic throughout all hours of the day because it’s near a subway station and located in a densely populated neighborhood.”

456 Grand Street is ideally located just a short stroll from the best Brooklyn nightlife and only 2 subway stops from Manhattan on the J, M, and L lines as well as access throughout Brooklyn and Queens on the G line.

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About ONE Commercial

Powered by a highly skilled team, ONE Commercial is one of New York’s preeminent full-service commercial real estate firms, priding itself in providing best in class services to our clients on a consistent basis and is one of the preferred brokerage throughout New York City. With localized knowledge of each of New York City’s geographic areas, our professional brokers provide very specific market knowledge and industry expertise to investors and owners alike. As a result, we achieve superior results for our clients.