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Investment Highlights

  • HIGH CEILING 25'
  • Great Warehouse Investment with Strong Tenant
  • Zoned for autobody repair, basic warehouse or light manufacturing

Executive Summary

Warehouse is occupied with an autobody Shop Tenant Since May 2025. 5 Year Lease with 2 Year Extension Option.
No Arrears.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $147,600 $29.52
Other Income - -
Vacancy Loss - -
Effective Gross Income $147,600 $29.52
Taxes $24,000 $4.80
Operating Expenses - -
Total Expenses $24,000 $4.80
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $147,600
Annual Per SF $29.52
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $147,600
Annual Per SF $29.52
Taxes
Annual $24,000
Annual Per SF $4.80
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $24,000
Annual Per SF $4.80
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $2,290,000
Price Per SF $458
Sale Type Investment
Cap Rate 5.30%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Repair
  • Industrial Distribution
  • Industrial Food Processing
Building Class C
Lot Size 0.09 AC
Rentable Building Area 5,000 SF
No. Stories 2
Year Built 1992
Clear Ceiling Height 25’
No. Drive In / Grade-Level Doors 1
Zoning M1-1 - Zoned for autobody repair, warehouse, and light manufacturing.

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • 68 Grove LLC
  • Public Administration
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
68 Grove LLC Public Administration - - -
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
01334-0021
Land Assessment
$32,400
Improvements Assessment
$370,800
Total Assessment
$403,200
Annual Taxes
$24,000 ($4.80/SF)
Tax Year
2025 Payable 2025
  • Listing ID: 39892248

  • Date on Market: 3/24/2026

  • Last Updated:

  • Address: 1632 Atlantic Ave, Brooklyn, NY 11213

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