3-Story Fireproof Factory East New York, Brooklyn, NY

$5,356,000
Buildable: 49,518 BSF
Property type: Warehouse
Gross Sqft (Sq Ft)
24,500
Commercial Units
5

Details

  • Lot Size: 8,253 Sq Ft
  • Year Built: 1930
  • Block/Lot: Call for details
  • Lot Dimensions: 84.83' x 105.33'
  • Lot Area: 8,253 Sqft
  • Stories: 3
  • Building Dimensions: 78.83' x 86.17'
  • Gross Square Feet: 24,500 Sqft
  • Zoning: R8A (C2-4 Overlay), EC-5
  • Building Class: F9 - Factory and Industrial
  • Residential FAR: 6.0
  • Facility FAR: 6.0
  • FAR as built: 2.97
  • Buildable: 49,518 BSF
  • Air Rights: 25,006 Sqft
  • Price/BSF: $101
  • Price/Sqft (existing): $204

Highlights

  • ✅ Demolish & Rebuild
  • ✅ Or Rehab

Description

This is a vacant multipurpose community facility made of fireproof steel. Previous tenants included a fitness gym, a clothing manufacturer and a bar. It’s located on a major commercial corridor in East New York. It’s 79′ x 86′, three-stories and comprises 5 units. The property features 14-feet ceilings, a commercial elevator, and a rooftop. The elevator can access each of the floors, including the cellar which is 6,400 sqft below grade. The property is prime for an investor to purchase 24,500 sqft, or alternatively a developer can demolish the building and erect a 49,518 square feet (as of right) mixed-use asset in an emerging and highly desirable neighborhood of East New York. The area was recently re-zoned allowing for much more flexibility in the type of asset class that can be built.

Recent new construction in the area includes the following projects: 2501 Pitkin Avenue, 656 Stanley Avenue and Nehemiah Spring Creek on Schroeders Avenue and Vandalia Avenue. The newly built Gateway Center which boasts Target, Best Buy, ShopRite, Home Depot, Olive Garden and Nostrand Rack has helped gentrify the area. The subject property is 2 blocks away from the J train at Cleveland Street Station and 4 blocks from the A and C line at Shepherd Avenue Station making all of New York City very accessible.

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Contact the Agent

Rowen Giles

New York Licensed Real Estate Salesperson
Rowen is a New York Licensed Real Estate Salesperson in association with D. White, a licensed broker. Hire Rowen as your real estate agent to represent you in the purchase or sale of residential and commercial real estate. Locations include Brooklyn, Bronx, Queens, Long Island, Staten Island, and upstate NY.