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408 Berry st 1,200 SF Industrial Building Brooklyn, NY 11249 $13,800,000 ($11,500/SF)
Investment Highlights
- Close to Waterfront
- Close to Peter Luger Steak House
- Great Developement site
Executive Summary
Package Deal:
408 Berry St, Brooklyn NY 11249 (Empty lot)
90 South 8th Street, Brooklyn, NY 11249 (Occupied)
These are 2 properties. They must be closed together on the same day, as a package deal.
The Buyer must assume the current lease for 90 S 8th Street. The Buyer must also agree to the Rider, which indicates that the current tenant is exercising their right to renew for an additional five years. Additionally, the Buyer will willingly assume responsibility for any ongoing litigation proceedings.
While this is a package deal, the two parcels will share the same closing date but will be governed by two separate contracts.
408 Berry St, Brooklyn NY 11249 (Empty lot)
90 South 8th Street, Brooklyn, NY 11249 (Occupied)
These are 2 properties. They must be closed together on the same day, as a package deal.
The Buyer must assume the current lease for 90 S 8th Street. The Buyer must also agree to the Rider, which indicates that the current tenant is exercising their right to renew for an additional five years. Additionally, the Buyer will willingly assume responsibility for any ongoing litigation proceedings.
While this is a package deal, the two parcels will share the same closing date but will be governed by two separate contracts.
Property Facts
| Price | $13,800,000 | Rentable Building Area | 1,200 SF |
| Price Per SF | $11,500 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1910 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.10 AC | ||
| Zoning | R6 - medium-density multi-family apartment buildings, allowing for development up to around 13 stories with a certain Floor Area Ratio (FAR) | ||
| Price | $13,800,000 |
| Price Per SF | $11,500 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.10 AC |
| Rentable Building Area | 1,200 SF |
| No. Stories | 1 |
| Year Built | 1910 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | R6 - medium-density multi-family apartment buildings, allowing for development up to around 13 stories with a certain Floor Area Ratio (FAR) |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02136-0024 | Improvements Assessment | $0 |
| Land Assessment | $659,700 | Total Assessment | $659,700 |
Property Taxes
Parcel Number
02136-0024
Land Assessment
$659,700
Improvements Assessment
$0
Total Assessment
$659,700
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Presented by
Kmax Realty
408 Berry st
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