Residential Development Site
566 Grand Street
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TerraCRG has been retained to exclusively represent ownership in the sale of 566 Grand Street, a residential development site in East Williamsburg, Brooklyn. The property will be delivered with DOB approved plans for 7,875 gross buildable square feet, allowing for a 6-story, 5-unit condominium project.
566 Grand Street is a vacant 1,875-square foot lot zoned R7A/C2-4. Located between Union Avenue & Lorimer Street, the area is a local hub for the creative community, techies and professionals alike. The neighborhood also hosts a diverse collection of retail and restaurant destinations including top rated eateries.
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.
The site is easily accessible being just a short distance from the L train at the Lorimer Street Station, the G train at the Metropolitan Avenue stop, and the M, J & Z trains at the Hewes Street Station.