254 Scholes St Brooklyn, NY 11206

Listing agency JB Mac Real Estate

Listed by John B. McLellan · License #NY

Source Crexi

Added: Apr 11 Updated: Jul 22 at 1:32PM Checked: Jul 22 at 1:32PM

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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.

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

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FAQs

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