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- LoopNet Team
252 Maspeth Ave
Brooklyn, NY 11211
Income Producing Industrial Development Site · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Close to subway
- Income producing
- 34,450 (approx.) buildable sq ft
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 2 |
| Property Subtype | Warehouse | Year Built | 1986 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.40 AC | Clear Ceiling Height | 8’ |
| Rentable Building Area | 2,500 SF | ||
| Zoning | M3-1 | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.40 AC |
| Rentable Building Area | 2,500 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Tenancy | Single |
| Clear Ceiling Height | 8’ |
| Zoning | M3-1 |
ABOUT 252 MASPETH AVE , BROOKLYN, NY 11211
+ Current tenant (bus company uses for parking) pays $259,560/annum + increase in taxes over base year (2018) – LXP 12/31/2027 + $200,000 buyout clause in the lease + National Grid has an access agreement with ownership due to environmental contamination that they are responsible for - they installed and monitor soil borings, test pits, ground water monitoring wells and recovery wells + Located in a Qualified Opportunity Zone (Census Tract 36047044900) + 14 minute walk from the Grand Street L subway station + 8 minute walk from the Grand Street/Metropolitan Ave Q54 & Q59 bus stop
PROPERTY TAXES
| Parcel Number | 02927-0054 | Improvements Assessment | $581,400 |
| Land Assessment | $209,700 | Total Assessment | $791,100 |
PROPERTY TAXES
