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Brooklyn (Williamsburg,South), NY, 11211 | $3,295,000
The Forray Team at The Corcoran Group is pleased to present 270 S 2nd Street, a remarkable new mixed-use property designed for the discerning creative user and investor. This newly redeveloped brick building in Williamsburg, Brooklyn, features a spacious 3-bedroom, 3-bathroom duplex over a commercial storefront, offering a perfect setup for an owner-occupied live-work residence or a unique investment opportunity totaling over 3, 686 SF of premium residential, retail and storage space.
This property seamlessly combines residential comfort with commercial potential, positioned in one of the most dynamic retail markets in the country. It's an ideal choice for those looking to establish a caf , gallery, creative studio, or even a restaurant, while enjoying the luxury of reimagining and personalizing a beautifully appointed home above. Whether used as an owner-occupied residence or fully leased, both the commercial and residential spaces promise strong rental income potential. Its Tax Class 1 status simply makes it an exceptional investment.
The primary residence spans approximately 2, 244 SF, with an additional 847 SF of finished cellar space that can be allocated for residential or commercial use, or shared as needed.
The commercial space offers approximately 590 SF of interior area, complemented by over 600 SF of outdoor space. This newly finished, versatile space boasts high ceilings, HVAC, and an ADA-compliant half bathroom, while ample shared cellar areas provide additional prep and storage facilities, including an extra half bathroom. There is potential to expand the commercial footprint, increasing lot coverage and adding significant value to both the property and its business opportunities.
Located in the heart of Williamsburg, 270 S 2nd Street offers easy access to vibrant landmarks and hotspots. A short stroll away is Domino Park, known for its waterfront views and recreational spaces. Commuters will appreciate proximity to both the Williamsburg Bridge and the BQE, along with nearby JMZ and L subway lines. Popular nearby establishments include L'Industrie Pizzeria, Traif, Pies 'n' Thighs, Meadowsweet, Maison Premiere, and Williamsburg Cinema, to name just a few.
Features
- Town: Brooklyn
- Cooling: Central Air
- Levels: 3
- Rooms: 6
- Bedrooms: 3
- Baths: 3 full / 2 half
- Lot Size: 78.00x20.00
- Laundry: Building Other,Washer Hookup,In Unit
- Year Built: 1910
- Approx Sq. Feet: 3,686
- Est. Taxes: $11,388
- View: Other
- Pet Policy: Building Yes,No
- Appliances: Washer Dryer Allowed
- MLS#: RPLU-33423249727
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/RPLU-33423249727/270s2ndstreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Corcoran Group Phone: (212) 355-3550
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
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860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Brooklyn (Williamsburg,South), NY, 11211
$3,295,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,636,000 | $2,636,000 | $2,636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
| Monthly Tax Payment | $949 | $949 | $949 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,383 | $16,879 | $22,422 |
| Total Monthly Payment | $16,457 | $17,953 | $23,496 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535