733-743 Livonia Avenue, Brooklyn
Stabilized Industrial + Development Upside | 1031 Ready
Marketing description
Two-building, 11,400 SF industrial warehouse on a 15,000 SF lot in East New York, Brooklyn, with an additional 3,600 SF of contiguous vacant land. Five tenants in place generating $310,829 gross income and $201,414 NOI, a 4.03% cap rate at the $4,995,000 asking price, qualified for 1031 exchange.
Brick mill construction with 13.5' ceilings, four overhead drive-in gates, heavy power, and gas heat. The Certificate of Occupancy permits warehouse, office, parking, storage, and outdoor storage uses, with a Letter of No Objection for auto repair. Select units can be delivered vacant, investor, owner-user, and repositioning strategies all viable.
R6/C2-2 zoning drives the long-term upside: FAR 2.2 residential, FAR 2.0 commercial, or FAR 4.8 community facility, yielding 72,000+ buildable SF at full CF FAR. Steps from the Van Siclen Avenue / Livonia Avenue 3 train station in an evolving East New York submarket.
Investment highlights
Stabilized 4.03% cap rate with five tenants in place — $310,829 gross income and $201,414 documented NOI
11,400 SF of industrial warehouse improvements across two buildings on a 15,000 SF lot (150' x 100'), plus an additional 3,600 SF of contiguous vacant land
Significant development upside: R6/C2-2 zoning permits FAR 2.2 residential, FAR 2.0 commercial, or FAR 4.8 community facility — over 72,000 SF buildable at full CF FAR on the principal parcel alone
Highly flexible Certificate of Occupancy covers warehouse, office, parking, storage, and outdoor storage uses; Letter of No Objection in place for auto repair
Brick mill construction with 13.5-foot ceilings, four overhead drive-in gates, heavy power, and gas heat — suited to industrial, flex, light manufacturing, or last-mile use
Possible to deliver select units vacant — investor, owner-user, or repositioning strategies all viable
Qualified 1031 exchange candidate
Steps from the Van Siclen Avenue / Livonia Avenue 3 train station (100/100 Walk Score, 100/100 Transit Score)
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