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    250 Morgan Ave Brooklyn, NY 11237

    Sponsored
    For Lease
    $35 SF/Yr

    Prime East Williamsburg industrial space. Ideal for distribution & flex use.

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 24,000-square-foot industrial property, located at 250 Morgan Avenue in Brooklyn, NY 11237, presents a unique opportunity for warehouse, distribution, or flex-use businesses. Built in 1960, this single-tenant building sits on a 24,000-square-foot lot and features a substantial 26-foot ceiling height. The property boasts excellent access to major transportation arteries, including proximity to the LIE service road (2 miles via Flushing Avenue) and the BQE entrance ramp (1 mile via Metropolitan Avenue). Its strategic location in East Williamsburg, a hub for major warehouse operators like Amazon, FedEx, and UPS, ensures convenient access to Manhattan and other NYC boroughs. The building itself offers one loading dock and four drive-ins for efficient loading and unloading. In addition to the warehouse space, there is a 700-square-foot showroom and a 700-square-foot mezzanine office area. The property's M3-1 zoning is perfectly suited for industrial and warehouse operations. The building has a 120-foot frontage on Morgan Avenue and a cross street of Grand Avenue. Annual property taxes are $3.82 per square foot. This is a single-story building with a 2.0 building floor area ratio (FAR). The absence of elevators should be noted.

    Property Features for 250 Morgan Ave

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Total Rate
    70000

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    24,000 SF
    Rate per SF
    $35

    HighLights

    • 24,000 SF industrial warehouse in East Williamsburg, Brooklyn.
    • 26' ceiling height.
    • Four drive‑in doors and one loading dock.
    • 700 SF mezzanine office and 700 SF showroom.
    • Convenient access to the LIE and BQE.
    • M3‑1 zoning.
    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
    -73.934791530715
    Latitude
    40.713387498524

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    FAQs

    What type of property is this?
    Flex space - Prime East Williamsburg industrial space. Ideal for distribution & flex use.
    Where is this flex space located?
    The property is located at 250 Morgan Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 24,000 SF industrial warehouse in East Williamsburg, Brooklyn.; 26' ceiling height.; Four drive-in doors and one loading dock.
    Request Owner's contact information
    250 Morgan Ave Brooklyn, NY 11237
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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
    250 Morgan Ave Brooklyn, NY 11237
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