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131 42nd St 5,500 SF Industrial Building Brooklyn, NY 11232 $2,800,000 ($509.09/SF) 4.11% Cap Rate
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.
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Utilities
- Lighting - Fluorescent
- Gas
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Table 87 Coal Fire
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Table 87 Coal Fire | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00716-0060 | Total Assessment | $397,800 (2025) |
| Land Assessment | $71,100 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $326,700 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
00716-0060
Land Assessment
$71,100 (2025)
Improvements Assessment
$326,700 (2025)
Total Assessment
$397,800 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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131 42nd St
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