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714-728 Chester St 8,000 SF 100% Leased Industrial Building Brooklyn, NY 11236 $10,400,000 ($1,300/SF) 1.77% Cap Rate
Investment Highlights
- Two single-story industrial buildings with column-free design and 14-foot ceilings.
- Convenient access to Linden Boulevard, Rockaway Parkway, and the L train line.
- Positioned in Brownsville close to restaurants, shops, and service amenities.
- Fully leased with long-term agreements contributing steady income streams.
- Features two overhead doors optimized for loading and distribution operations.
- Investment opportunity with NOI exceeding $184,000 annually.
Executive Summary
Located in the Brownsville neighborhood of Brooklyn, this industrial property features a 13,600 square-foot building positioned on a 16,151 square-foot lot with M1-1 zoning and a FAR of 1.0. The building consists of two single-story industrial spaces offering column-free interiors and 14-foot ceilings for enhanced operational flexibility. The facility includes two overhead doors, supporting efficient loading and logistics for multi-industrial uses.
Currently fully occupied under long-term leases, the property generates stable income with a rent roll of approximately $273,600 annually, resulting in a Net Operating Income of $184,402. With proximity to major thoroughfares including Linden Boulevard and Rockaway Parkway, and access to the L train, the site offers excellent connectivity for businesses serving the Brooklyn and Greater New York markets. Its location near retail establishments, services, and transport hubs adds strategic value for occupants and potential buyers seeking long-term investment security.
Currently fully occupied under long-term leases, the property generates stable income with a rent roll of approximately $273,600 annually, resulting in a Net Operating Income of $184,402. With proximity to major thoroughfares including Linden Boulevard and Rockaway Parkway, and access to the L train, the site offers excellent connectivity for businesses serving the Brooklyn and Greater New York markets. Its location near retail establishments, services, and transport hubs adds strategic value for occupants and potential buyers seeking long-term investment security.
Property Facts
| Price | $10,400,000 | Lot Size | 0.18 AC |
| Price Per SF | $1,300 | Rentable Building Area | 8,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 1.77% | Year Built | 1930 |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | ||
| Zoning | M1-1 - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price | $10,400,000 |
| Price Per SF | $1,300 |
| Sale Type | Investment |
| Cap Rate | 1.77% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.18 AC |
| Rentable Building Area | 8,000 SF |
| No. Stories | 1 |
| Year Built | 1930 |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1-1 - Light industrial with offices, hotels, and most retail uses permitted |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03642-0045 | Improvements Assessment | $354,600 |
| Land Assessment | $72,000 | Total Assessment | $426,600 |
Property Taxes
Parcel Number
03642-0045
Land Assessment
$72,000
Improvements Assessment
$354,600
Total Assessment
$426,600
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714-728 Chester St
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