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Investment Highlights

  • The property also features a 400-amp power roll-up gate

Executive Summary

A rare opportunity to own a spacious warehouse in a highly convenient Brooklyn location on 2nd Avenue and 48th Street. This property sits on a large lot AND building size of 50x100. It offers approximately 7,000 square feet of total space, including 5,000 square feet on the ground floor and an additional 2,000 square feet on the second floor, with 24-foot-high ceilings that provide excellent flexibility for a wide range of business, storage, distribution, or warehouse uses. The property also features a 400-amp power roll-up gate, allowing large trucks to enter directly for easy loading and unloading. Conveniently located near the N, R, and W subway stations, as well as the B11 and B37 bus stops, this location offers excellent accessibility for employees, customers, and deliveries. A great opportunity for investors, end-users, and business owners looking for a prime Brooklyn warehouse space.

Property Facts

Price $5,287,729 CAD
Price Per SF $755.39 CAD
Sale Type Investment or Owner User
Cap Rate 4.50%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.12 AC
Rentable Building Area 7,000 SF
No. Stories 2
Year Built 1985
Tenancy Single
Clear Ceiling Height 24’
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning M1-2D - Light Manufacturing Zoning district

Amenities

  • Signage
  • Air Conditioning

Utilities

  • Lighting
  • Water
  • Sewer
  • Heating
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
00763-0055
Land Assessment
$64,003 CAD
Improvements Assessment
$577,905 CAD
Total Assessment
$641,907 CAD
  • Listing ID: 40863378

  • Date on Market: 2026-06-10

  • Last Updated:

  • Address: 259-261 48th St, Brooklyn, NY 11220

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