Log In/Sign Up
Your email has been sent.
100% Leased Commercial Building For Sale 592 Dean Street 31,015 SF 100% Leased Office Building Brooklyn, NY 11238 For Sale
EXECUTIVE SUMMARY
TerraCRG has been retained to exclusively market for sale 592-594 Dean Street and 597 Bergen Street, a fully leased commercial property in the heart of Prospect Heights, Brooklyn. This approximately 31,000 square foot building, with a 12,432 square foot adjacent parking lot, represents an exceptionally rare investment opportunity featuring stable, long-term tenancy and future development potential in one of Brooklyn’s most dynamic neighborhoods.
The property is 100% occupied by two high-credit tenants: the United States Postal Service (USPS) and Industrious. USPS has been at the property since 2018, occupying nearly 12,000 square feet of the building along with exclusive use of the full parking lot at 597 Bergen Street. Industrious, a leading flexible workspace provider, has been in the building since 2014 and recently demonstrated its commitment to the location by exercising its only 5-year renewal option. Industrious occupies nearly 19,000 square feet across multiple floors.
592-594 Dean Street is primarily zoned M1-1, while 597 Bergen Street was rezoned to R6B in 2018, offering an avenue for future residential redevelopment. The property generates a current Net Operating Income of over $2,100,000, supported by strong, institutional tenancy and minimal near-term rollover risk.
Positioned directly across from the eastern edge of the Pacific Park megaproject—which has already delivered over 1,100 residential units, directly across the street, with another 3,100+ units planned in the next phase—this property offers unmatched location fundamentals and upside. Investors have the rare opportunity to acquire a stabilized asset with durable cash flow and future optionality in one of the most sought-after submarkets in New York City.
The property is 100% occupied by two high-credit tenants: the United States Postal Service (USPS) and Industrious. USPS has been at the property since 2018, occupying nearly 12,000 square feet of the building along with exclusive use of the full parking lot at 597 Bergen Street. Industrious, a leading flexible workspace provider, has been in the building since 2014 and recently demonstrated its commitment to the location by exercising its only 5-year renewal option. Industrious occupies nearly 19,000 square feet across multiple floors.
592-594 Dean Street is primarily zoned M1-1, while 597 Bergen Street was rezoned to R6B in 2018, offering an avenue for future residential redevelopment. The property generates a current Net Operating Income of over $2,100,000, supported by strong, institutional tenancy and minimal near-term rollover risk.
Positioned directly across from the eastern edge of the Pacific Park megaproject—which has already delivered over 1,100 residential units, directly across the street, with another 3,100+ units planned in the next phase—this property offers unmatched location fundamentals and upside. Investors have the rare opportunity to acquire a stabilized asset with durable cash flow and future optionality in one of the most sought-after submarkets in New York City.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
31,015 SF
Building Class
C
Year Built
1980
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,338 SF
Building FAR
5.84
Lot Size
0.12 AC
Zoning
R6B, M1-1 - Medium density residential district, Light industrial with offices, hotels, and most retail uses permitted
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 01137-0018 | Improvements Assessment | $240,300 |
| Land Assessment | $75,150 | Total Assessment | $315,450 |
PROPERTY TAXES
Parcel Number
01137-0018
Land Assessment
$75,150
Improvements Assessment
$240,300
Total Assessment
$315,450
CONTACTS
-
Daniel Marks -
Daniel Lebor -
Michael Kelleher -
Spencer Corley -
TerraCRG Brooklyn Commercial Real Estate
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
100% Leased Commercial Building For Sale | 592 Dean Street
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.