131 42nd St - Warehouse FOR SALE


Brooklyn, NY 11232- Sunset Park
$2,800,000 USD
516-220-3273
131 42nd St, Brooklyn, NY for Sale
$2,800,000 USD
Warehouse - FOR SALE
1/7
null | 4.11% Cap Rate

131 42nd St
Brooklyn, NY 11232
Sunset Park


HIGHLIGHTS

  • M3-1 : FAR (2)
  • 1 Block From Steiner Studios New 500,000 sqft Development
  • Income Today - Brooklyn's Future Tomorrow
  • Easily Managed Asset - Perfect 1031 Exchange

OVERVIEW

5,000 SqFt one story warehouse, located in prime Sunset Park. The warehouse is leased and maintained by none other than Brooklyn's own, Table 87 Frozen Coal Oven Pizza LLC. The food manufacturer has approximately six years left on their lease. This long term investment offers a significant appreciation opportunity over the next decade. The property is situated in the M3-1 heavy manufacturing district of Sunset Park, between 1st and 2nd Avenue. Just one block west Steiner Studios is developing a 500,000-square-foot film and television production space at the Bush Terminal, as part of the Made in New York Campus, currently being transformed into a garment manufacturing and media production hub. Income producer today - Brooklyn's future tomorrow.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$509 USD /SF

CAP RATE

4.11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

UTILITIES

Lighting - Fluorescent, Gas, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11

LAND SF

4,792

ZONING

M3-1

APN/PARCEL ID

00716-0060

ASK ABOUT THIS PROPERTY

Matthew KaplonKaplon-Belo Real Estate LLCMore Info
516-220-3273

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Matthew KaplonKaplon-Belo Real Estate LLCMore Info
516-220-3273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.