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145 42nd St 7,000 SF Industrial Building Brooklyn, NY 11232 $3,250,000 ($464.29/SF)
INVESTMENT HIGHLIGHTS
- Great Tenant - Easily Managed Asset - Perfect 1031 Exchange
- M3-1 : FAR (2)
- 1 Block from Steiner Studios New 500,000 sqft Development
EXECUTIVE SUMMARY
7,000 sqft two story industrial building for sale in Sunset Park. This income producing 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 investment offers a significant appreciation opportunity over the next decade. 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. Just two blocks north is the Industry City complex, which houses over 500 businesses spanning 16 campus buildings. The waterfront green spaces, immersive retail, and public art installations make for a must see tourist destination. This truly is the epicenter of the New Sunset Park.
INCOME PRODUCER TODAY - BROOKLYN’S FUTURE TOMORROW.
This investment offers a significant appreciation opportunity over the next decade. 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. Just two blocks north is the Industry City complex, which houses over 500 businesses spanning 16 campus buildings. The waterfront green spaces, immersive retail, and public art installations make for a must see tourist destination. This truly is the epicenter of the New Sunset Park.
INCOME PRODUCER TODAY - BROOKLYN’S FUTURE TOMORROW.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$160,653
|
$22.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$160,653
|
$22.95
|
| Taxes |
$20,000
|
$2.86
|
| Operating Expenses |
$3,000
|
$0.43
|
| Total Expenses |
$23,000
|
$3.29
|
| Net Operating Income |
$137,653
|
$19.66
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $160,653 |
| Annual Per SF | $22.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $160,653 |
| Annual Per SF | $22.95 |
| Taxes | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $2.86 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.43 |
| Total Expenses | |
|---|---|
| Annual | $23,000 |
| Annual Per SF | $3.29 |
| Net Operating Income | |
|---|---|
| Annual | $137,653 |
| Annual Per SF | $19.66 |
PROPERTY FACTS
UTILITIES
- Heating - Gas
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Table 87 Pizza
- Manufacturing
- 7,000 SF
- -
- Industrial Gross
- Jun 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Table 87 Pizza | Manufacturing | 7,000 SF | - | Industrial Gross | Jun 2031 |
1 1
Walk Score®
Very Walkable (82)
Transit Score®
Rider's Paradise (92)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 00716-0056 | Total Assessment | $436,500 |
| Land Assessment | $71,100 | Annual Taxes | $20,000 ($2.86/SF) |
| Improvements Assessment | $365,400 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
00716-0056
Land Assessment
$71,100
Improvements Assessment
$365,400
Total Assessment
$436,500
Annual Taxes
$20,000 ($2.86/SF)
Tax Year
2025
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145 42nd St
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