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    15 Division Pl Brooklyn, NY 11222

    Sponsored
    For Sale
    $3,000,000

    7,500 SF Flex Space, Value-Add Opportunity

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional East Williamsburg, Brooklyn property at 15 Division Place presents a compelling value-add investment opportunity. The three-story, 7,500 square foot building, constructed in 1920 and extensively renovated in 2018, boasts a unique blend of warehouse and office space. The ground floor warehouse, encompassing 2,000 square feet, features a convenient curb cut and drive-in loading with a 12-foot high roll-up door, offering easy accessibility for various commercial uses. The warehouse also includes a 500-square-foot basement. Above, the second and third floors comprise 4,000 square feet of newly renovated office space, divided into eight individual units, each equipped with HVAC. The office spaces benefit from high ceilings (12-14 feet), ample power (400 amps), and 12 feet of street frontage. The building sits on a 2,500 square foot lot and includes two parking spaces. The property is zoned M1-1, allowing for a diverse range of commercial uses, including dining, leisure, art galleries, and industrial operations. Conveniently located near the Graham Avenue L train station and the Brooklyn-Queens Expressway, this multi-unit property offers significant potential for a savvy investor or owner-user. The asking price is $3,000,000. The building has one loading dock and one dock-high door. This property can be delivered vacant.

    Property Features for 15 Division Pl

    General Information

    Property type
    Distribution properties
    Square Feet
    7,500 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1920/2018
    Buildings
    1
    Stories
    3
    Units
    9

    HighLights

    • Drive‑in loading with curb cut.
    • 12‑14' clear ceiling height.
    • 400‑amp electrical service.
    • Newly renovated office space.
    • Versatile warehouse suitable for various commercial uses.
    • Available vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery 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
    -73.940151453885
    Latitude
    40.720308808743

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    FAQs

    What type of property is this?
    Distribution property - 7,500 SF Flex Space, Value-Add Opportunity
    Where is this distribution property located?
    The property is located at 15 Division Pl Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Drive-in loading with curb cut.; 12-14' clear ceiling height.; 400-amp electrical service.
    Request Owner's contact information
    15 Division Pl 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
    15 Division Pl Brooklyn, NY 11222
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