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275 Boerum St

20,000 SF Industrial Building Brooklyn, NY 11206 £10,257,000 (£513/SF) 5% Net Initial Yield

Investment Highlights

  • Prime East Williamsburg Location
  • Less than 1 block from the Montrose Ave MTA Subway Station.
  • Located close to public transportation stops

Executive Summary

This is an exceptional opportunity to own a versatile warehouse property in the heart of Williamsburg brooklyn. this property offers a substantial building area and a range of features suited for various commercial or industrial needs. As a corner property, the warehouse benefits from excellent street visibility and accessibility from multiple directions. Its location in a bustling Brooklyn neighborhood offers easy access to major roads and public transportation, ensuring connectivity to Manhattan and other areas of New York City. The building spans 224*101 feet on a lot 225 *101 , providing ample space for storage, operations, and potential expansion. With a ceiling height of 16 feet, the warehouse is ideal for businesses requiring substantial vertical space. The property includes wide drive-in doors, allowing easy access for trucks and large vehicles, making transportation and logistics straightforward. There is also a spacious loading dock, ensuring efficient loading and unloading operations. Additionally, the warehouse comes equipped with cold and freezer storage, offering a valuable asset for businesses needing temperature-controlled environments such as food and beverage distribution, pharmaceuticals, and more. Currently, the property is occupied ,But it can be delivered vacant, offering immediate availability for new owners to utilize or redevelop according to their needs. The property supports a wide range of uses due to its zoning flexibility, with a Commercial FAR of 2.0 and a Facility FAR of 4.8, allowing for multiple stories. This opens up possibilities for warehousing, manufacturing, other business , as well as potential redevelopment projects. The surrounding area is vibrant and offers a mix of commercial and residential developments, presenting ample opportunities for networking and growth. Whether you are looking to expand your current business operations or invest in a valuable piece of real estate, this property offers significant potential..

Property Facts

Price £10,257,000
Price Per SF £513
Sale Type Investment
Net Initial Yield 5%
Sale Conditions
1031 Exchange
  • Tenants option to buy property
  • Development Sale
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.45 AC
Rentable Building Area 20,000 SF
Number of Floors 1
Year Built 1963
Tenancy Single
No. Dock-High Doors/Loading 1
Level Access Doors 3
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03073-0061
Land Assessment
£242,854
Improvements Assessment
£339,073
Total Assessment
£581,927

zoning

Zoning Code M1-2 (Zoning districts M1-2,Commercial FAR 2? Facility FAR 4.8)
M1-2 (Zoning districts M1-2,Commercial FAR 2? Facility FAR 4.8)
  • Listing ID: 32669049

  • Date on Market: 02/08/2024

  • Last Updated:

  • Address: 275 Boerum St, Brooklyn, NY 11206

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