Prime Greenpoint Industrial,Ideal for investors, end-users, or developers expansion potential
Introducing 300 Kingsland Avenue, an ±16,250 SF industrial property located in the heart of Greenpoint, Brooklyn. This high-visibility asset features M1-2 zoning, flexible layout potential, and existing tenancy income from a long-established creative studio user.
Accessibility:
Convenient to the BQE, LIE, and Pulaski Bridge
Ceiling Height: Suitable for production or warehouse operations
8,000 SF leased to film production studio( (Broadway Stages / Windmill Studios),Lease term through April 2028
Annual Rent: $29/SF – steady cash flow from strong creative tenant
8,000 SF available for immediate lease at $29/SF ;
Projected annual gross rental income: $232,000
Potential cap rate: 5% based on market lease-up
Optional Value-Add:
Develop up to 32,500 SF commercial or 77,000 SF community facility