714-728 Chester St - Warehouse FOR SALE


Brooklyn, NY 11236
$10,400,000 USD
347-486-4467
714-728 Chester St, Brooklyn, NY for Sale
$10,400,000 USD
Warehouse - FOR SALE
1/7
null | 1.77% Cap Rate

714-728 Chester St
Brooklyn, NY 11236


HIGHLIGHTS

  • Two single-story industrial buildings with column-free design and 14-foot ceilings.
  • Fully leased with long-term agreements contributing steady income streams.
  • Convenient access to Linden Boulevard, Rockaway Parkway, and the L train line.
  • Features two overhead doors optimized for loading and distribution operations.
  • Positioned in Brownsville close to restaurants, shops, and service amenities.
  • Investment opportunity with NOI exceeding $184,000 annually.

OVERVIEW

Located in the Brownsville neighborhood of Brooklyn, this industrial property features a 13,600 square-foot building positioned on a 16,151 square-foot lot with M1-1 zoning and a FAR of 1.0. The building consists of two single-story industrial spaces offering column-free interiors and 14-foot ceilings for enhanced operational flexibility. The facility includes two overhead doors, supporting efficient loading and logistics for multi-industrial uses. Currently fully occupied under long-term leases, the property generates stable income with a rent roll of approximately $273,600 annually, resulting in a Net Operating Income of $184,402. With proximity to major thoroughfares including Linden Boulevard and Rockaway Parkway, and access to the L train, the site offers excellent connectivity for businesses serving the Brooklyn and Greater New York markets. Its location near retail establishments, services, and transport hubs adds strategic value for occupants and potential buyers seeking long-term investment security.

FOR SALE DETAILS

PRICE

$10,400,000 USD

PRICE/SF

$1,300 USD /SF

CAP RATE

1.77%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18

LAND SF

8,041

ZONING

M1-1

APN/PARCEL ID

03642-0045

ASK ABOUT THIS PROPERTY

Yona GolranSP Capital Group LLCMore Info
347-486-4467

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Yona GolranSP Capital Group LLCMore Info
347-486-4467

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