622 Court St | Brooklyn, NY 11231
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622 Court St
Brooklyn, NY 11231
Industrial Property For Sale
Investment Highlights
- 5 minutes’ drive from Downtown Manhattan and Downtown Brooklyn
- Auto Repair shop in Brooklyn's Red Hook neighborhood
Executive Summary
Price Reduced
Prime Red Hook Location
Business and Building For Sale
Auto collision shop. Next to Gowanus Expressway.
High Traffic count. Hot Property near Tesla Dealership, Battery Tunnel, Good Restaurants, Starbucks, Italian Bakery What makes Brooklyn location worth it? Simply put: nearly car 20,000 collisions per month in NYC. December 2022 statistics are linked below:
What we're offering?
Brooklyn Auto body Shop:
The shop is at 618-620 Court Street, in Brooklyn's Red Hook neighborhood.
The location is within 5 minutes’ drive from Downtown Manhattan and Downtown Brooklyn, right off the exit from Brooklyn-Queens Expressway and Battery Tunnel connecting Brooklyn and Manhattan. There's a new Tesla dealership within a few blocks, and the area also includes headquarters and garages for over a dozen of NYC top limo companies, such as Luxor Limo, Concord, Dial and many others. Brooklyn's most affluent and car-populated neighborhood Park Slope is within a few blocks.
The shop is brand new, and has just undergone a multi-million dollar upgrade, which included installation of Italian car paint booths, ventilation and drainage. The projected yearly revenue is $3-4 million, the projected net revenue is $1-1.5 million. The owner is retiring and is adamant on selling his assets. Leasing the building, rather than buying it, can also be discussed.
Prime Red Hook Location
Business and Building For Sale
Auto collision shop. Next to Gowanus Expressway.
High Traffic count. Hot Property near Tesla Dealership, Battery Tunnel, Good Restaurants, Starbucks, Italian Bakery What makes Brooklyn location worth it? Simply put: nearly car 20,000 collisions per month in NYC. December 2022 statistics are linked below:
What we're offering?
Brooklyn Auto body Shop:
The shop is at 618-620 Court Street, in Brooklyn's Red Hook neighborhood.
The location is within 5 minutes’ drive from Downtown Manhattan and Downtown Brooklyn, right off the exit from Brooklyn-Queens Expressway and Battery Tunnel connecting Brooklyn and Manhattan. There's a new Tesla dealership within a few blocks, and the area also includes headquarters and garages for over a dozen of NYC top limo companies, such as Luxor Limo, Concord, Dial and many others. Brooklyn's most affluent and car-populated neighborhood Park Slope is within a few blocks.
The shop is brand new, and has just undergone a multi-million dollar upgrade, which included installation of Italian car paint booths, ventilation and drainage. The projected yearly revenue is $3-4 million, the projected net revenue is $1-1.5 million. The owner is retiring and is adamant on selling his assets. Leasing the building, rather than buying it, can also be discussed.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Rentable Building Area | 7,750 SF |
| Net Initial Yield | 6% | Number of Floors | 2 |
| Sale Conditions | Tenants option to buy property | Year Built | 1920 |
| Property Type | Industrial | Parking Ratio | 6.45/1,000 SF |
| Property Subtype | Service | Clear Ceiling Height | 17 ft |
| Building Class | C | Level Access Doors | 2 |
| Lot Size | 0.17 AC | Opportunity Zone |
Yes
|
| Sale Type | Investment or Owner User |
| Net Initial Yield | 6% |
| Sale Conditions | Tenants option to buy property |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.17 AC |
| Rentable Building Area | 7,750 SF |
| Number of Floors | 2 |
| Year Built | 1920 |
| Parking Ratio | 6.45/1,000 SF |
| Clear Ceiling Height | 17 ft |
| Level Access Doors | 2 |
| Opportunity Zone |
Yes |
Amenities
- 24 Hour Access
- Floor Drains
- Storage Space
- Fluorescent Lighting
- Air Conditioning
Utilities
- Gas
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 00583-0030 | Improvements Assessment | £539,287 |
| Land Assessment | £48,119 | Total Assessment | £587,406 |
PROPERTY TAXES
Parcel Number
00583-0030
Land Assessment
£48,119
Improvements Assessment
£539,287
Total Assessment
£587,406
zoning
| Zoning Code | M-1 |
| M-1 |
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