Time for a little nepotism around here. An old Brownstoner pal is just putting his 2-story, mixed-use building in Williamsburg on the market. While a far cry from a brownstone, the property is located right in the middle of things at Grand and Lorimer. As the nicely designed by-owner website reveals, the ground floor commercial space currently generates $2,920 a month in rent, the residental second floor brings in $2,360. There’s also a sizable two-car garage. The kicker, from where we stand, is the unused FAR. Because Grand Street is so wide, the buildings along it have an FAR of 3.4 which translates into 6,800 square feet for the 2,000-square-foot lot, 4,300 square feet more than the existing structure. We’re going to recuse ourselves from any discussion of the $859,000 asking price on the grounds of conflict of interest. Interested parties can check it out for themselves at the open house on Saturday from 3 to 5 pm.
Mixed Use for Sale [580grand.com] GMAP