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131 42nd St
Brooklyn, NY 11232
 Industrial Property For Sale

Warehouses New York Brooklyn 131 42nd St, Brooklyn, NY 11232

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INVESTMENT HIGHLIGHTS

  • M3-1 : FAR (2)
  • Income Today - Brooklyn's Future Tomorrow
  • 1 Block From Steiner Studios New 500,000 sqft Development
  • Easily Managed Asset - Perfect 1031 Exchange

EXECUTIVE SUMMARY

5,000 SqFt one story warehouse, located in prime Sunset Park. The warehouse is leased and maintained by none other than Brooklyn's own, Table 87 Frozen Coal Oven Pizza LLC. The food manufacturer has approximately six years left on their lease.
This long term investment offers a significant appreciation opportunity over the next decade. The property is situated in the M3-1 heavy manufacturing district of Sunset Park, between 1st and 2nd Avenue. Just one block west Steiner Studios is developing a 500,000-square-foot film and television production space at the Bush Terminal, as part of the Made in New York Campus, currently being transformed into a garment manufacturing and media production hub.
Income producer today - Brooklyn's future tomorrow.

PROPERTY FACTS Under Contract

Sale Type Investment Rentable Building Area 5,500 SF
Cap Rate 4.11% No. Stories 1
Sale Condition 1031 Exchange Year Built 1943
Property Type Industrial Tenancy Single
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
 Clear Ceiling Height 16’
Building Class B No. Drive In / Grade-Level Doors 1
Lot Size 0.11 AC Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning M3-1
Sale Type Investment
Cap Rate 4.11%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
Building Class B
Lot Size 0.11 AC
Rentable Building Area 5,500 SF
No. Stories 1
Year Built 1943
Tenancy Single
Clear Ceiling Height 16’
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning M3-1

UTILITIES

  • Lighting - Fluorescent
  • Gas
  • Water - City Water
  • Sewer - City Sewer
  • Heating - Gas

PROPERTY TAXES

Parcel Number 00716-0060 Improvements Assessment $457,393 CAD
Land Assessment $99,543 CAD Total Assessment $556,936 CAD

PROPERTY TAXES

Parcel Number
00716-0060
Land Assessment
$99,543 CAD
Improvements Assessment
$457,393 CAD
Total Assessment
$556,936 CAD
 

  • Listing ID: 28816152

  • Date on Market: 2023-06-21

  • Last Updated:

  • Address: 131 42nd St, Brooklyn, NY 11232

The Sunset Park Industrial Property at 131 42nd St, Brooklyn, NY 11232 is currently available. Contact Kaplon-Belo Real Estate LLC for more information.

INDUSTRIAL PROPERTIES IN NEARBY NEIGHBORHOODS

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