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229 49th Street 229-237 49th St 33,478 SF 1% Leased Office Building Brooklyn, NY 11220 $23,237,980 CAD ($694.13 CAD/SF)
Investment Highlights
- Commercial end-user or investor opportunity in the heart of Sunset Park.
- Approximately 16 ft ceiling heights throughout the building.
- Current usage is a medical laboratory - comparative rents in the neighborhood average $42/SF.
- Building constructed in 2016 and is in pristine condition, offering up to 33,478 SF of usable space.
- One drive-in gate with up to 25 underground parking spaces.
- Nearby public transportation.
Executive Summary
SAB Capital is pleased to present 229 49th Street in the heart of Sunset Park, Brooklyn. Located between 2nd and 3rd Avenue, the property is built to 33,181 square feet and is currently situated as a medical lab space.
The subject property is strategically located in a dense industrial area and provides immediate access to several public transit options (multiple bus lines, D, N, R, W trains), the BQE, Prospect Expressway, Bely Parkway and Battery Tunnel. Owner-users, Developers and Investors have the opportunity to purchase a primely-located property in a section of Brooklyn where commercial rents remain strong and growing.
The subject property is strategically located in a dense industrial area and provides immediate access to several public transit options (multiple bus lines, D, N, R, W trains), the BQE, Prospect Expressway, Bely Parkway and Battery Tunnel. Owner-users, Developers and Investors have the opportunity to purchase a primely-located property in a section of Brooklyn where commercial rents remain strong and growing.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
33,478 SF
Building Class
C
Year Built
2016
Price
$23,237,980 CAD
Price Per SF
$694.13 CAD
Percent Leased
1%
Building Height
3 Stories
Typical Floor Size
11,159 SF
Building FAR
3.34
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
M1-2D,Brooklyn (F4) - M1-2D
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Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00772-0057 | Improvements Assessment | $2,140,879 CAD |
| Land Assessment | $400,492 CAD | Total Assessment | $2,541,371 CAD |
Property Taxes
Parcel Number
00772-0057
Land Assessment
$400,492 CAD
Improvements Assessment
$2,140,879 CAD
Total Assessment
$2,541,371 CAD
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229 49th Street | 229-237 49th St
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