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402 E 83rd St 28,300 SF Vacant Industrial Building Brooklyn, NY 11236 $13,500,480 CAD ($477.05 CAD/SF)
Investment Highlights
- Industrial property in Brooklyn’s Canarsie area with access to major transportation and distribution routes.
- Large site configuration provides flexibility for warehousing, logistics, and business uses.
- Property includes drive-in access designed to accommodate operational and loading needs.
- M1-1 zoning supports a variety of industrial and commercial operations.
- Location offers connectivity to the greater Brooklyn and New York City market area.
Executive Summary
SP Capital Group is pleased to present 402 E 83rd Street (AKA 8050 Chase Court), a 28,300 SF vacant commercial/industrial building situated on a 22,000 SF corner lot in the Canarsie section of Brooklyn.
The property consists of approximately 21,800 SF of warehouse space plus a 6,500 SF mezzanine with office space and 2 bathrooms. The building is well suited for a food distribution, cold-storage, warehouse, or owner-user operation, featuring 6 freezer/cold-storage spaces, 7 coolers, working sprinklers, and a loading area with 20 FT ceiling heights.
The property will be delivered fully vacant, allowing an incoming owner or user immediate flexibility. A major additional benefit is the existing NYCIDA PILOT through 2041, with approximately 15 years remaining and current annual PILOT/real estate taxes of approximately $77,718.
Located at the corner of E 83rd Street and Chase Court, the property provides convenient access to Kings Highway and is surrounded by dense residential neighborhoods, shopping centers, and national retailers.
Property Highlights: 28,300 SF Building | 22,000 SF Corner Lot | Delivered Vacant | 21,800 SF Warehouse | 6,500 SF Mezzanine | Cold Storage/Freezer Infrastructure | Loading Area | 20 FT Ceiling Height at Loading Area | NYCIDA PILOT Through 2041 | M1-1 Zoning
Asking Price: $9,800,000
The property consists of approximately 21,800 SF of warehouse space plus a 6,500 SF mezzanine with office space and 2 bathrooms. The building is well suited for a food distribution, cold-storage, warehouse, or owner-user operation, featuring 6 freezer/cold-storage spaces, 7 coolers, working sprinklers, and a loading area with 20 FT ceiling heights.
The property will be delivered fully vacant, allowing an incoming owner or user immediate flexibility. A major additional benefit is the existing NYCIDA PILOT through 2041, with approximately 15 years remaining and current annual PILOT/real estate taxes of approximately $77,718.
Located at the corner of E 83rd Street and Chase Court, the property provides convenient access to Kings Highway and is surrounded by dense residential neighborhoods, shopping centers, and national retailers.
Property Highlights: 28,300 SF Building | 22,000 SF Corner Lot | Delivered Vacant | 21,800 SF Warehouse | 6,500 SF Mezzanine | Cold Storage/Freezer Infrastructure | Loading Area | 20 FT Ceiling Height at Loading Area | NYCIDA PILOT Through 2041 | M1-1 Zoning
Asking Price: $9,800,000
Property Facts
| Price | $13,500,480 CAD | Lot Size | 0.65 AC |
| Price Per SF | $477.05 CAD | Rentable Building Area | 28,300 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | High Vacancy Property | Year Built | 1945 |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Refrigeration/Cold Storage | No. Drive In / Grade-Level Doors | 2 |
| Building Class | B | ||
| Zoning | M1-1 - M1-1 zoning in New York City is a light manufacturing district that allows for manufacturing, commercial, and community facility uses. | ||
| Price | $13,500,480 CAD |
| Price Per SF | $477.05 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | High Vacancy Property |
| Property Type | Industrial |
| Property Subtype | Refrigeration/Cold Storage |
| Building Class | B |
| Lot Size | 0.65 AC |
| Rentable Building Area | 28,300 SF |
| No. Stories | 1 |
| Year Built | 1945 |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | M1-1 - M1-1 zoning in New York City is a light manufacturing district that allows for manufacturing, commercial, and community facility uses. |
Amenities
- Cooler
- Mezzanine
- Storage Space
- Awning
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07918-0111 | Improvements Assessment | $1,460,984 CAD |
| Land Assessment | $546,627 CAD | Total Assessment | $2,007,610 CAD |
Property Taxes
Parcel Number
07918-0111
Land Assessment
$546,627 CAD
Improvements Assessment
$1,460,984 CAD
Total Assessment
$2,007,610 CAD
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402 E 83rd St
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