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259-261 48th St 7,000 SF Industrial Building Brooklyn, NY 11220 $3,780,000 ($540/SF) 4.50% Cap Rate



Investment Highlights
- The property also features a 400-amp power roll-up gate
Executive Summary
A rare opportunity to own a spacious warehouse in a highly convenient Brooklyn location on 2nd Avenue and 48th Street. This property sits on a large lot AND building size of 50x100. It offers approximately 7,000 square feet of total space, including 5,000 square feet on the ground floor and an additional 2,000 square feet on the second floor, with 24-foot-high ceilings that provide excellent flexibility for a wide range of business, storage, distribution, or warehouse uses. The property also features a 400-amp power roll-up gate, allowing large trucks to enter directly for easy loading and unloading. Conveniently located near the N, R, and W subway stations, as well as the B11 and B37 bus stops, this location offers excellent accessibility for employees, customers, and deliveries. A great opportunity for investors, end-users, and business owners looking for a prime Brooklyn warehouse space.
Property Facts
| Price | $3,780,000 | Rentable Building Area | 7,000 SF |
| Price Per SF | $540 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1985 |
| Cap Rate | 4.50% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 24’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.12 AC | ||
| Zoning | M1-2D - Light Manufacturing Zoning district | ||
| Price | $3,780,000 |
| Price Per SF | $540 |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.12 AC |
| Rentable Building Area | 7,000 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Tenancy | Single |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | M1-2D - Light Manufacturing Zoning district |
Amenities
- Signage
- Air Conditioning
Utilities
- Lighting
- Water
- Sewer
- Heating
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Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00763-0055 | Improvements Assessment | $414,450 |
| Land Assessment | $45,900 | Total Assessment | $460,350 |
Property Taxes
Parcel Number
00763-0055
Land Assessment
$45,900
Improvements Assessment
$414,450
Total Assessment
$460,350
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259-261 48th St
