- $5,200,000
- Built in 1931
- Brooklyn commercial building with 82' frontage steps from Barclays Center, offering flexible retail, showroom, office, or creative space in an Opportunity Zone.
WELCOME
Brooklyn is a key location for commercial real estate, particularly for those interested in industrial properties. Its comprehensive infrastructure, including bridges, tunnels to Manhattan, and a strong public transportation system, position it as a vital center for businesses. The presence of numerous educational institutions supports a skilled workforce, making Brooklyn attractive to investors and businesses. Its location, near the Atlantic Ocean, the East River, and Upper New York Bay, is strategically significant. These aspects collectively present an attractive proposition for commercial real estate (CRE) investing in Brooklyn’s industrial sectors.
Brooklyn's advanced transport system and its role as a center for high-tech startups and entrepreneurs make industrial properties in this area in high demand. These properties are close to the Brooklyn Navy Yard, which has evolved from a naval base to a bustling industrial complex. Brooklyn also offers various 1031 exchange opportunities in other property types. Warehouses cater to businesses from logistics to artisan crafts, benefiting from the borough’s large population and consumer base. Opportunities in land and apartment buildings are available, with land offering development potential and apartment buildings being supported by a robust rental market. Commercial real estate, including retail and office spaces, flourishes in Brooklyn's economy and diverse business sectors. These properties highlight the wide range of real estate investment opportunities in Brooklyn.
| Industrial Property Size | Square Feet |
|---|---|
| Maximum | 180,500 SF |
| Average | 16,149 SF |
| Minimum | 1,125 SF |
| Industrial Property Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 6.20% |
| Average | 5.02% |
| Minimum | 2.87% |
| Industrial Property Price | Price Per SF |
|---|---|
| Maximum | $2,364 Per SF |
| Average | $888 Per SF |
| Minimum | $311 Per SF |
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