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20 Grand Ave 92,856 SF 93% Leased Office Building Brooklyn, NY 11205 $22,800,000 ($245.54/SF) 6% Cap Rate
Executive Summary
20 Grand Avenue presents a rare opportunity to acquire an income-producing asset in one of Brooklyn’s most dynamic creative hubs. This 7-story former factory has been meticulously transformed into modern commercial lofts, combining authentic industrial charm with the high-spec requirements of today’s creative and professional tenants.
Offered at $22,800,000, the acquisition represents a strategic equitable entry point into the North Brooklyn market, priced significantly below replacement cost.
Offered at $22,800,000, the acquisition represents a strategic equitable entry point into the North Brooklyn market, priced significantly below replacement cost.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
92,856 SF
Building Class
C
Year Built
1919
Price
$22,800,000
Price Per SF
$245.54
Cap Rate
6%
NOI
$1,368,000
Percent Leased
93%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
13,000 SF
Building FAR
5.33
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
M1-2, Brooklyn, (F1) - Light Industrial
Amenities
- 24 Hour Access
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Ground floor / Flex Retail / industrial / manufacturing 1,400 sq ft Storefront with Roll Gate . Can be modified to drive in. Heavy Power / 3 phase Bathroom
Ground floor / Flex Retail / industrial / manufacturing
- 3rd Fl-Ste 309
- 1,200 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 102 | 1,200 SF | Office/Retail | Shell Space | Now |
| 1st Fl-Ste 104 | 4,500 SF | Office/Retail | Shell Space | Now |
| 3rd Fl-Ste 309 | 1,200 SF | Office | - | Now |
1st Fl-Ste 102
| Size |
| 1,200 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 104
| Size |
| 4,500 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Shell Space |
| Available |
| Now |
3rd Fl-Ste 309
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 102
| Size | 1,200 SF |
| Space Use | Office/Retail |
| Build-Out | Shell Space |
| Available | Now |
Ground floor / Flex Retail / industrial / manufacturing 1,400 sq ft Storefront with Roll Gate . Can be modified to drive in. Heavy Power / 3 phase Bathroom
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 104
| Size | 4,500 SF |
| Space Use | Office/Retail |
| Build-Out | Shell Space |
| Available | Now |
Ground floor / Flex Retail / industrial / manufacturing
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01877-0035 | Improvements Assessment | $6,624,450 |
| Land Assessment | $392,850 | Total Assessment | $7,017,300 |
Property Taxes
Parcel Number
01877-0035
Land Assessment
$392,850
Improvements Assessment
$6,624,450
Total Assessment
$7,017,300
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Dream Space Realty
20 Grand Ave
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