270 S 2nd St
1,848 SF 100% Leased Retail Building Brooklyn, NY 11211 $4,542,300 CAD ($2,457.95 CAD/SF) 4.73% Cap Rate







EXECUTIVE SUMMARY
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 café, 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 square feet, with an additional 847 square feet of finished cellar space that can be allocated for residential or commercial use, or shared as needed.
The commercial space offers approximately 590 square feet of interior area, complemented by over 600 square feet 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, making it ideal for accessibility. Popular nearby establishments include L'Industrie Pizzeria, Traif, Pies 'n' Thighs, Meadowsweet, Maison Premiere, and Williamsburg Cinema, to name just a few.
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 café, 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 square feet, with an additional 847 square feet of finished cellar space that can be allocated for residential or commercial use, or shared as needed.
The commercial space offers approximately 590 square feet of interior area, complemented by over 600 square feet 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, making it ideal for accessibility. Popular nearby establishments include L'Industrie Pizzeria, Traif, Pies 'n' Thighs, Meadowsweet, Maison Premiere, and Williamsburg Cinema, to name just a few.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,848 SF
Building Class
B
Year Built/Renovated
1910/2024
Price
$4,542,300 CAD
Price Per SF
$2,457.95 CAD
Cap Rate
4.73%
NOI
$214,851 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.18
Lot Size
0.04 AC
Zoning
R6, Brooklyn - a medium-density residential zoning district in New York City that covers large areas of Brooklyn, Queens, and the Bronx, as well as some parts of Man
Frontage
27’ on S. 2nd
AMENITIES
- Signage
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 02421-0010 | Improvements Assessment | $69,698 CAD |
Land Assessment | $67,200 CAD | Total Assessment | $136,898 CAD |