Office Space /NY /Kings County /Brooklyn /20 Grand Ave
Office Space /NY /Kings County /Brooklyn /20 Grand Ave

20 Grand Ave - Loft/Creative Space FOR SALE


Brooklyn, NY 11205- Wallabout | 
$25,000,000 USD
917-515-4624
20 Grand Ave, Brooklyn, NY for Sale
$25,000,000 USD
Loft/Creative Space - FOR SALE
1/10
null | 5.68% Cap Rate
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20 Grand Ave
Brooklyn, NY 11205
Wallabout

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HIGHLIGHTS

  • Occupied Creative Loft Building with strong rent roll with add value upside and additional development opportunity
  • Low Vacancy with short leases allowing stable income and flexibility to add value
  • Excellent location in rapidly transforming commercial corridor near Brooklyn Navy Yard and Steiner Studios

OVERVIEW

20 Grand, located in the desirable Clinton Hill neighborhood of Brooklyn, is a converted factory which has been transformed into highly coveted commercial lofts occupied by artist's studios and small businesses.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$269 USD /SF

CAP RATE

5.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

C

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,467 SF

ZONING

M1-2, Brooklyn, (F1)

APN/PARCEL ID

01877-0035

ASK ABOUT THIS PROPERTY

Dana SchneiderDream Space RealtyMore Info
917-515-4624

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Dana SchneiderDream Space RealtyMore Info
917-515-4624

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