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    4516 3Rd Ave Brooklyn, NY 11220

    Sponsored
    For Lease
    Contact for pricing

    Multiple Units, High Ceilings, Ideal Commercial Space

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,000-square-foot warehouse property at 4516 3rd Ave in Brooklyn, NY, presents a unique opportunity for businesses seeking flexible industrial space. Located in Kings County, zip code 11220, this M1-2D zoned property offers multiple tenancy options, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 4,000 square feet. Currently, the entire 6,000 square feet is vacant, providing immediate occupancy for a single tenant or the ability to divide the space to accommodate multiple businesses. The warehouse boasts impressive 22-foot ceilings, providing ample vertical space for storage or high-volume operations. Its strategic location offers convenient access to major highways, making transportation and logistics efficient. This property is perfectly suited for a variety of commercial uses, including warehousing, light manufacturing, or office space conversion, making it an attractive investment for businesses seeking a versatile and well-located industrial space in the vibrant Brooklyn market. The property is situated at 40.65031 latitude and -74.012477 longitude.

    Property Features for 4516 3Rd Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    2,000 SF
    Space
    1st Floor
    Size
    4,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.012477
    Latitude
    40.65031

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    FAQs

    What type of property is this?
    Distribution property - Multiple Units, High Ceilings, Ideal Commercial Space
    Where is this distribution property located?
    The property is located at 4516 3Rd Ave Brooklyn, NY.
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    Brooklyn, NY 11220
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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
    4516 3Rd Ave Brooklyn, NY 11220
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