7-Lot Industrial Land
For Sale
Contact for pricing
254 Scholes St, Brooklyn, NY 11206
Seven adjacent lots are fully leased to PAY-O-MATIC Corp for parking and warehouse use, with frontage on both Scholes and Meserole.
Property SizeContact for details
Lot Size0.63 Acres
Days on Market143
Property Features for 254 Scholes St
General Information
Standard status
Active
Lot size
0.63 Acres
Property subtype
Land
Zoning
M1-1
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
JB Mac Real Estate
Listed By:
John B. McLellan · License #NY
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 1:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JB Mac Real Estate
Investment Insights
Based on property information with market context.
The property comprises seven adjacent lots offered as one industrial land parcel. It is fully leased to PAY-O-MATIC Corp, which uses the site as parking and warehouse space for its business operations. The lease is structured as a triple-net lease, with the tenant currently paying $397,837.00 per year. The lease term is set to expire in November 2023, with a five-year option to begin in December 2023. Block & Lot identifiers are 03046-0022, 24, 26, 27, 47, 48 & 49, and the lot size totals 27,500 square feet.
Located in the Williamsburg section of Brooklyn, the property provides 150 feet of frontage on Scholes Street and 125 feet of frontage on Meserole Street. Zoning is M1-1, with Commercial FAR of 1.00 and facility buildable square feet indicated at 66,000 square feet at an FAR of 2.40.
Located in the Williamsburg section of Brooklyn, the property provides 150 feet of frontage on Scholes Street and 125 feet of frontage on Meserole Street. Zoning is M1-1, with Commercial FAR of 1.00 and facility buildable square feet indicated at 66,000 square feet at an FAR of 2.40.
Key Highlights
- Seven adjacent lots with 150 ft frontage on Scholes St and 125 ft frontage on Meserole St
- Fully leased to PAY‑O‑MATIC Corp for parking and warehouse use
- Triple‑net lease with tenant paying $397,837 per year
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Industrial land - Seven adjacent lots are fully leased to PAY-O-MATIC Corp for parking and warehouse use, with frontage on both Scholes and Meserole.
Where is this industrial land located?
The property is located at 254 Scholes St Brooklyn, NY.
What are key features of this property?
This property features: Seven adjacent lots with 150 ft frontage on Scholes St and 125 ft frontage on Meserole St; Fully leased to PAY‑O‑MATIC Corp for parking and warehouse use; Triple‑net lease with tenant paying $397,837 per year
