858 62nd St - Warehouse FOR SALE


Brooklyn, NY 11220- Sunset Park
$5,750,000 USD
516-279-8828
858 62nd St, Brooklyn, NY for Sale
$5,750,000 USD
Warehouse - FOR SALE
1/40
null | Request Cap Rate

858 62nd St
Brooklyn, NY 11220
Sunset Park


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 7,600 Sqft. Industrial Building With M1-1 Zoning For Sale In Sunset Park!!!
  • The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, Multiple Offices, 2 Roll-Up Drive-In Doors, M1-1 Zoning, +++!!
  • The Property Is Located In The Heart Of Sunset Park 4 Blocks Off I-278 & Minutes From The Verrazzano Bridge!!!
  • Neighbors Include Chase Bank, Audi, BMW, Jeep-Dodge-Ram, Hyundai, Mazda, Starbucks, USPS, P.C. Richard & Son, Costco, Extra Space Storage, +++!!!
  • The Entire Building Can Be Delivered Vacant If Need Be.
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 7,600 Sqft. Industrial Building With M1-1 Zoning For Sale In Sunset Park!!! The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 12 Parking Spaces, 2 Roll-Up Drive-In Doors, Offices, M1-1 Zoning, 3 Phase Power, Security System, Large Driveway, 5 Skylights, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Sunset Park 4 Blocks Off I-278 & Minutes From The Verrazzano Bridge!!! Neighbors Include Chase Bank, Audi, BMW, Jeep-Dodge-Ram, Hyundai, Mazda, Starbucks, USPS, P.C. Richard & Son, Costco, Extra Space Storage, NYU Langone, Outback Steakhouse, Dunkin’, OrangeTheory Fitness, ShopRite, Staples, Wendy’s, Pollo Campero, KFC, +++!!! The Entire Building Was Gut Renovated In 2003!!! The Property Has 39’ Of Frontage On 62nd Street!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Warehouse (Right Side, 2,800 Sqft.): $120,000 Ann. (Available) Warehouse (Left Side, 2,400 Sqft.): $110,000 Ann. (Available) 2nd Floor Office (1,600 Sqft.): $48,000 Ann. (Available) Pro Forma Gross Income: $278,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $3,823 Ann. Maintenance/ Repairs: $250 Ann. Water & Sewer: $560 Ann. Taxes: $34,820.48 Ann. Total Expenses: $39,453.48 Ann. Pro Forma Net Operating Income (NOI): $238,546.52 Ann.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$757 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

UTILITIES

Lighting, Water, Sewer

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.09

LAND SF

3,920

ZONING

M1-1

APN/PARCEL ID

05728-0029

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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