335-347 38th St | Brooklyn, NY 11232
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335-347 38th St
Brooklyn, NY 11232
Industrial Property For Sale
Executive Summary
RIPCO Investment Sales is proud to exclusively present for sale 335-347 38th Street – a transformative investment opportunity located at the nexus of commerce and creativity in Brooklyn’s Sunset Park neighborhood.
The property consists of two adjacent single-story commercial buildings, comprising a total of 12,742 GSF. Currently configured as offices, window showroom and warehouse, the building is occupied by a single tenant, Window-Fix, and will be delivered vacant at closing.
The 10,040 SF parcel offers over 100 feet of frontage on 38th Street with three curb cuts and roll-down gates. The flexible M1-2 zoning designation allows for up to 48,200 BSF of development potential with a variety of commercial and light manufacturing uses.
335 38th Street is in an unbeatable location right next to Industry City – a thriving hub hosting over 550 businesses, making it an attractive proposition for ambitious enterprises seeking a strong foothold in Brooklyn’s burgeoning business district. The property also benefits from unparalleled access to both vehicular and public transit routes, with the I-278 (Gowanus Expy) entrance ramp just a block away and the 36th Street D N Q R W subway station a mere two blocks away.
335 38th Street is double-sided coin of opportunity. For the savvy end-user, it offers the chance to operate a business within a dynamic and bustling environment and excellent accessibility. For the strategic developer, it presents an enticing proposition to reposition the property utilizing available air rights or construct a brand new flagship mixed-use project in a rapidly evolving commercial hub.
The property consists of two adjacent single-story commercial buildings, comprising a total of 12,742 GSF. Currently configured as offices, window showroom and warehouse, the building is occupied by a single tenant, Window-Fix, and will be delivered vacant at closing.
The 10,040 SF parcel offers over 100 feet of frontage on 38th Street with three curb cuts and roll-down gates. The flexible M1-2 zoning designation allows for up to 48,200 BSF of development potential with a variety of commercial and light manufacturing uses.
335 38th Street is in an unbeatable location right next to Industry City – a thriving hub hosting over 550 businesses, making it an attractive proposition for ambitious enterprises seeking a strong foothold in Brooklyn’s burgeoning business district. The property also benefits from unparalleled access to both vehicular and public transit routes, with the I-278 (Gowanus Expy) entrance ramp just a block away and the 36th Street D N Q R W subway station a mere two blocks away.
335 38th Street is double-sided coin of opportunity. For the savvy end-user, it offers the chance to operate a business within a dynamic and bustling environment and excellent accessibility. For the strategic developer, it presents an enticing proposition to reposition the property utilizing available air rights or construct a brand new flagship mixed-use project in a rapidly evolving commercial hub.
PROPERTY FACTS
Sale Type | Investment | Number of Floors | 2 |
Property Type | Industrial | Year Built | 1931 |
Property Subtype | Warehouse | Tenancy | Single |
Building Class | C | Level Access Doors | 3 |
Lot Size | 0.29 AC | Opportunity Zone |
Yes
|
Rentable Building Area | 12,742 SF |
Sale Type | Investment |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | C |
Lot Size | 0.29 AC |
Rentable Building Area | 12,742 SF |
Number of Floors | 2 |
Year Built | 1931 |
Tenancy | Single |
Level Access Doors | 3 |
Opportunity Zone |
Yes |
Utilities
- Gas
- Heating
PROPERTY TAXES
Parcel Number | 00700-0050 | Improvements Assessment | £289,622 |
Land Assessment | £79,349 | Total Assessment | £368,971 |
PROPERTY TAXES
Parcel Number
00700-0050
Land Assessment
£79,349
Improvements Assessment
£289,622
Total Assessment
£368,971
zoning
Zoning Code | M1-2 |
M1-2 |
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