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32200512
32806005

228 46th Street, Brooklyn, NY 11220

FB
NY NY1234
Tri State Commercial
SB
NY 10311204539
Tri State Commercial
JS
Tri State Commercial
Listed by Tri State Commercial
$9,850,000
37 days on market
Updated 17 days ago
Opportunity zone

228 46th Street

Details
APN 754/17
Property Type Industrial
Sub Type Manufacturing
Square Footage 30,000
Units 7
Cap Rate 3.02%
NOI $297,145
Tenancy Multi
Pro-Forma Cap Rate 6.28%
Pro-Forma NOI $618,207
Lot Size (SqFt) 20,000
Zoning M1-2D
Investment Type Value Add
Ceiling Height 15 Ft - 18 Ft

Industrial | 3.02% CAP | 30,000 SqFt

Marketing description

Sunset Park Industrial Building & Office for Sale

The property boasts a clean, flexible layout and can be potentialy delivered vacant, making it ideal for both owner-users and investors. The 200-foot by 100-foot building is part of a multi-tenant structure with seven commercial units and includes curb parking, and street designated truck loading and unloading, making it a highly accessible and versatile asset in one of Brooklyn’s most active commercial corridors.

Situated in the heart of Sunset Park, one of Brooklyn’s most vibrant and culturally diverse neighborhoods, 228 46th Street benefits from strong foot traffic and a dense, active consumer base along nearby Fifth Avenue and 8th Avenue. With convenient access to the D, N, and R subway lines and direct proximity to the B.Q.E. and I-278, the property offers exceptional connectivity for both customers and businesses, making it a well-positioned destination for a wide range of commercial uses.

Located in the Sunset Park neighborhood of Brooklyn between 2nd Ave & 3rd Ave near the 45th St subway station.

Nearest Transit: N & R trains at 45th St and the B37, X37, & B11 bus lines.

Nearby tenants include Public Storage, American Made Furniture Products, Sweatbox Brooklyn, Unlimited Furniture, Coney Island Auto Parts, Peninsula Flooring & Cabinet, Long Island Electrical Distributing, Avenue Studio, Three Brothers Bar, Joker's Garage and Lounge, Sunset Redemption Center, 4Events Party Hall, Cosmopolitan Cosmetics Inc, Abbot Paint & Varnish Co, and more!

Investment highlights

  • Ground Floor: 20,000 SF
  • 2nd Floor: 10,000 SF
  • Ceiling Heights Ranging From 15 FT–18 FT
  • Ground Floor Access
  • ADA Compliant
  • Plumbing in Place
  • Six Egress Points
  • Signage Opportunity
  • Clean, Flexible Layout
  • Can Be Delivered Vacant
  • Located in a Heavy Vehicle Traffic Corridor
  • Direct Access to the B.Q.E. & I-278
  • Minutes From the Belt Pkwy, Prospect Pkwy, & Brooklyn-Battery Tunnel
  • Easy Access to Major Highways & Bridges
  • Multiple-Tenant Building With 7 Commercial Units
  • Curb Parking Available
  • Building & Lot Dimensions: 200 FT x 100 FT
  • Building Class E1

Listing Contacts

FB
NY NY1234
Tri State Commercial
SB
NY 10311204539
Tri State Commercial
JS
Tri State Commercial
Listed by Tri State Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$297,145.00
$24,762.08/mo

Valuation Metrics

0
DSCR
3.02%
Cap Rate
3.02%
ROI

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Additional Information

Name
Fred Betesh
License
NY1234
Brokerage
Tri State Commercial
Brokerage Phone
212 433 3355
Title
Senior Sales and Leasing Associate
Brokerage Address
148 39th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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