101 GRAHAM Avenue #MULTIFAMIL, New York City, NY 11206
Listing Courtesy of Christies International Real Estate Group LLC
$6,300,000
Potential Rebate: $94,500
Overview
<p> </p> <p> <strong>99 & 101 Graham Avenue Williamsburg, Brooklyn</strong></p> <p> <strong>Prime Corner Development Opportunity</strong></p> <p>Offered for sale is a rare <strong>corner development site</strong> spanning <strong>50 x 100 feet</strong> , <strong>R6 Zoning @</strong> <strong>99-101 Graham Avenue</strong>, in the heart of Williamsburg-one of Brooklyn's most resilient and high-demand markets. The site is currently improved with <strong>two three-story buildings</strong>, <strong>4 residential and 2 commercial units.</strong> </p> <p> providing immediate optional income while plans are finalized.</p> <p>This assemblage presents <strong>multiple as-of-right and programmatic development pathways</strong>, making it suitable for both luxury and mixed-income strategies.</p> <p> <strong>Development Scenarios Include:</strong></p> <p> <strong>1. Condominium Development - Approx. 15,000 SF</strong></p> <p> Ideal for a boutique luxury or mid-market condo project, maximizing sellable square footage while maintaining efficient construction costs.</p> <p> <strong>2. Condominium with Facilities - Up to 24,000 SF</strong></p> <p> <strong> </strong>A larger-scale residential development incorporating complementary neighborhood-serving uses-such as a daycare, medical office, or similar facilities-designed to enhance resident appeal, support premium pricing, and create clear market differentiation.</p> <p> <strong>3. Universal Affordability Preference (UAP) Program - Up to 19,500 SF</strong></p> <p> The property is <strong>eligible for the UAP program</strong>, offering increased residential floor area in exchange for providing the required number of affordable housing units-an attractive option for developers seeking density with public benefit incentives.</p> <p> <strong>Key Highlights:</strong></p> <ul> <li>Corner lot with strong light, air, and design flexibility</li> <li>50' frontage allows for efficient unit layouts and street presence</li> <li>Located in a proven condo and rental submarket</li> <li>Multiple zoning-compliant development outcomes</li> <li>Strong long-term fundamentals driven by Williamsburg demand</li> </ul> <p>This is a <strong>flexible, high-upside site</strong> suited for developers, investors, or owner-builders looking to execute a strategic residential project in one of Brooklyn's most established neighborhoods.</p> <p> </p>
Estimated Monthly Payment
$31,131 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$94,500
Monthly savings impact
$263/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Christies International Real Estate Group LLC
Data Source: TRESTLE #RLS20063738
Price Analysis
Compare average listing prices and value metrics for 101 GRAHAM Avenue against the surrounding Williamsburg market.
Average List Price
Price Per SqFt
50.44% Lower
than the Williamsburg price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Williamsburg
Overview of Williamsburg
Williamsburg is the global poster child for urban cool. Located just across the East River from Manhattan, it is a cultural powerhouse known for its nightlife, art scene, and trendsetting style. For buyers seeking Williamsburg Brooklyn real estate, it offers the city's most dynamic and energetic living environment.
Living in Williamsburg is fast-paced. The neighborhood is divided into the ultra-modern waterfront (Northside), the grittier Southside, and the quieter Italian/hipster mix to the east. As a premier Brooklyn NYC neighborhood, it rivals downtown Manhattan for influence and price.
Real Estate & Housing Market
The market for homes for sale in Williamsburg is premium. The waterfront is lined with "glass castles" like The Edge and Domino Sugar Factory. Inland, you find converted lofts and renovated tenements.
Demand is insatiable, driven by a young, affluent demographic that prioritizes amenities, views, and proximity to the L train.
Lifestyle & Community
The lifestyle in Williamsburg is 24/7. Bedford Avenue is the main drag, packed with tourists and shoppers. The dining scene is world-class, featuring institutions like Peter Luger alongside new hotspots.
The community is a mix of creative professionals, young families (the "stroller brigade" on the waterfront), and long-time residents, though gentrification has shifted the balance heavily toward the wealthy.
Transportation & Accessibility
Williamsburg is served by the L, G, J, M, and Z trains. The L train at Bedford Ave is one stop from Manhattan, making the commute incredibly fast.
The Williamsburg Bridge offers a bike path that sees thousands of cyclists commuting daily. The ferry terminals at North and South Williamsburg provide a relaxed alternative.
Parks, Schools & Amenities
Domino Park and Marsha P. Johnson State Park (East River State Park) are the jewels of the waterfront. McCarren Park is the active center for sports and picnics.
Amenities are unmatched: Whole Foods, Apple Store, Equinox, and hermès. Williamsburg has effectively become a self-sufficient city.
Who This Neighborhood Is Best For
Williamsburg is best for socialites, trendsetters, and young families who want the excitement of Manhattan with the fresh air and views of Brooklyn.
