20 Grand Ave - Loft/Creative Space FOR SALE


Brooklyn, NY 11205- Wallabout
$22,800,000 USD
917-515-4624
20 Grand Ave, Brooklyn, NY for Sale
$22,800,000 USD
Loft/Creative Space - FOR SALE
1/12
null | 6% Cap Rate

20 Grand Ave
Brooklyn, NY 11205
Wallabout


OVERVIEW

20 Grand Avenue presents a rare opportunity to acquire an income-producing asset in one of Brooklyn’s most dynamic creative hubs. This 7-story former factory has been meticulously transformed into modern commercial lofts, combining authentic industrial charm with the high-spec requirements of today’s creative and professional tenants. Offered at $22,800,000, the acquisition represents a strategic equitable entry point into the North Brooklyn market, priced significantly below replacement cost.

FOR SALE DETAILS

PRICE

$22,800,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

6%

% 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

17,424 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

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