181 Lombardy St Brooklyn, NY 11222-5417
- Manufacturing properties
- 24,000 SF
- 0.69 lot acres
Current Use by Public Records
- Marly Home Industries (USA) Inc. / Manufacturer
- Soueidan Market Inc. / Store
Property Details for 181 Lombardy St
- Year built
- 1940
- Lot size
- 0.69 lot acres
- Property size
- 24,000 SF
- Zone code
- M3-1
- Property type
- Manufacturing properties
- APN
- 02821-0011
- APU
- 28210011
Description
This exceptional 24,000-square-foot Class A industrial building in New York City's Greenpoint neighborhood offers a unique opportunity. Completely renovated in 2021, this single-tenant property boasts a modern infrastructure and state-of-the-art mechanical systems. The building features a 17-foot ceiling height, one loading dock, fifteen dock-high doors, and one drive-in door, ensuring efficient operations. Power is robust, with 3,000 amps available at 208v and 480v. Its versatile design accommodates various uses, including refrigerated/cold storage, manufacturing, flex space, warehousing, distribution, and R&D. The building's zoning is M3-1. Situated on a 6,000-square-foot lot, the property also includes a secure, paved, and fenced yard area. This fireproof structure is temperature-controlled, making it ideal for businesses requiring climate-controlled environments. The building's single-story design and efficient layout maximize space and functionality. This is a rare opportunity to secure a modern, well-equipped industrial space in a highly desirable location. The entire 24,000 square feet is currently vacant and ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $11,950,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $11,225,000
- 6.5%
- $11,520,000
- 7%
- $12,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $14,185,000
- Geo Method
- $10,925,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,275,000
- Retail
- $9,520,000
- Mixed-Use
- $11,040,000
- Hospitality
- $12,560,000
- Educational
- $11,265,000
- Residential Income
- $12,690,000
- Energy
- $11,565,000
- Income-Based Land
- $9,635,000
- Food Service
- $10,265,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9335
- Latitude
- 40.7239
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
