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    247 Norman Ave Brooklyn, NY 11222

    Sponsored
    For Sale
    Contact for pricing

    24,300 SF Flex Space, Brooklyn, NY

    Property size:
    24,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story industrial flex space at 247 Norman Avenue in Brooklyn's Greenpoint neighborhood offers 24,300 square feet of versatile commercial space. The building sits on a 9,000 square foot corner lot (100 x 90), providing ample room for operations and potential expansion. The layout includes approximately 7,200 square feet of second-floor office space, a 3,150 square foot third floor offering NYC views, and a 4,950 square foot mezzanine. High ceilings range from 12 to 23 feet, accommodating various industrial needs. Loading is efficient with three large drive-in doors. The property features a passenger elevator and is equipped with fireproof construction and a sprinkler system. Its strategic location offers easy access to major commercial trucking routes, including the Long Island Expressway and Brooklyn-Queens Expressway, providing seamless connectivity to all boroughs of New York City and surrounding areas. Annual property taxes are approximately $67,030. The asking price is available upon request.

    Property Features for 247 Norman Ave

    General Information

    Property type
    Flex space
    Square Feet
    24,300 SF

    Building Details

    Stories
    3

    HighLights

    • 24,300 SF, three‑story building.
    • 9,000 SF ground floor.
    • 7,200 SF second‑floor office space.
    • 3,150 SF third‑floor space with NYC views.
    • 4,950 SF mezzanine.
    • 12'-23' clear ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.94327
    Latitude
    40.727832

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    FAQs

    What type of property is this?
    Flex space - 24,300 SF Flex Space, Brooklyn, NY
    Where is this flex space located?
    The property is located at 247 Norman Ave Brooklyn, NY.
    What are key features of this property?
    This property features: 24,300 SF, three-story building.; 9,000 SF ground floor.; 7,200 SF second-floor office space.
    Request Owner's contact information
    247 Norman Ave Brooklyn, NY 11222
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    Brooklyn, NY 11222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    247 Norman Ave Brooklyn, NY 11222
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