Calling all investors, developers & end-users!!! Huge 17, 790 sqft. Industrial building with gated yard & private driveway for sale!!! The property features great exposure, excellent signage, 12 parking spaces, strong m3-1 zoning, high 12' ceilings, freight elevator, basement with 10' ceilings, separate small building in rear yard, loading dock, sprinklers, 3 phase power, all new led lighting, cac, +++!!! The property is situated in the heart of greenpoint just a few blocks from the bqe (i-278)!!! The property was previously home to a successful furniture manufacturer!!! Neighbors include starbucks, hilton hotels, fedex, the home depot, p. C. Richard & son, national grid, dunkin', cvs, staples, mcdonald's, pep boys, auto zone, restaurant depot, crunch fitness, blink fitness, key food, wendy's, dollar tree, +++!!!!!! This property offers huge upside potential!!! This could be your development site / the next home for your business!!! The building can also be leased for only $30 per sqft. Nnn!!! Income: first floor (6, 500 sqft. ): $195, 000 ann. Nnn. (available) second floor (5, 700 sqft. ): $171, 000 ann. Nnn. (available) ll + rear building (5, 590 sqft. ): $167, 700 ann. Nnn. (available) driveway: $28, 800 ann. (available) pro forma gross income: $562, 500 ann. Expenses: insurance: $3, 823 ann. Taxes: $46, 532. 08 ann. Total expenses: $52, 538. 08 ann. Net operating income (noi): $512, 144. 92 ann. (pro forma 7. 77 cap!!! )
Location/Town | Greenpoint |
Area/County | Brooklyn |
Prop. Type | Commercial Sale |
Tax | $46,532.00 |
# Stories | 2 |
Year Built | 1931 |
Total Units | 3 |
Lot Size | 72x96.25 |
Lot SqFt | 6,930 |
Zoning | Industrial |
Tax Lot | 38 |
Units | 3 |
Listing information courtesy of: All Island Estates Realty Corp |