New York City · Commercial sale
566 Grand Ave Owner buys 566 Grand Avenue in Brooklyn for $21 million
A garage at 566 Grand Avenue, Brooklyn sold for $21,000,000 on October 22, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $21,000,000
- Sold
- October 22, 2026
- Property type
- Garage
- Building area
- 8,000 sq ft
- Price per sq ft
- $2,625
- Year built
- 1950
A garage at 566 Grand Avenue sold for $21,000,000, or $2,625 per square foot, on October 22, 2026, according to the New York City Department of Finance's ACRIS property records.
The deed covers 2 parcels. 566 Grand Avenue is the largest one identified. The record lists Grand Avenue Investment Group, LLC as the seller and 566 Grand Ave Owner, LLC as the buyer.
The NYC Department of Finance's records show 8,000 square feet of building area, a build year of 1950 and a 11,077-square-foot lot. The market value on record is $792,000.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in New York City?
By our estimate, the seller's two largest charges, not counting prorations, were $551,250 for the nYC real property transfer tax (commercial/other) and $84,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.
How much did the seller net?
By our estimate, the seller netted about $20,548,703. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $21,308,086 at closing. That covers the full price and closing costs.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026102200818003. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
