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30045493
30045492

214 49th St, Brooklyn, NY 11220

GD
NY 10311203231
$3,200,000
94 days on market
Updated 10 days ago
Opportunity zone

SUNSET PARK, BK HIGH - CUBE--REDUCED $300K

Details
Property Type Industrial
Sub Type Flex, Manufacturing (+1)
Square Footage 5,100
Net Rentable (SqFt) 5,100
Units 1
Cap Rate 4.69%
NOI $150,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 09/30/2027
Remaining Term 1.3
Lease Options delivered vacant
Price per SqFt $627
Broker Co-Op Yes
Year Built 1988
Year Renovated 2023
Buildings 1
Stories 1
Lot Size (SqFt) 5,100
Zoning m1-2
Ground Lease No
Ceiling Height 22'
Dock High Doors 1
Sale Condition For sale by owner

Industrial | 4.69% CAP | 5,100 SqFt

Marketing description

F O R S A L E — $3.5M

H I - C U B E

5 , 1 0 0 S F W A R E H O U S E —2 1 4 4 9 T H S T R E E T , B R O O K L Y N N Y 1 1 2 2 0

ZONED M1-2 / FAR 2.0 / 22’ CEILINGS / High Gate

Built 1988 • 5,100 SF warehouse space with 22’ ceilings • 16’ roll up gate

• 3 yr-old roof w/ bar trusses ceiling, corrugated metal w concrete and rubber top.

Heavy Power (3 phase/400amps) • Gas Modine Blowers • Duplex Offices/Showroom w/ Bathroom

• Ideal for light industrial, logistics/warehousing, trucking, film studio, artist/artisan—any usage!!

FAR 2.0 allows 10,200 buildable sq ft / Medical /Community Facility allows 24,000 buildable sq ft

• For Medical or Community Usage —NYU Langone Lutheran is 2 short blocks away.

Current tenant has 2 years remaining on NNN lease at $10,500/mo (Can be delivered vacant)

Real Estate taxes : $24,000/yr

Prime Sunset Park The area is served by several bus lines and is within walking distance of the 45 St (R train) subway station.

Close to local parks and the industrial waterfront of Sunset Park

C o n t a c t B R O K E R ARENAPROPERTIES, INC : G r e g D ’A v o l a • 9 1 7 4 5 3 3 6 5 1 • g d a v o l a @ n y c . r r. c o m

Listing Contacts

GD
NY 10311203231

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Loan Amount
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
4.69%
Cap Rate
4.69%
ROI

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