1182 Flushing Ave Brooklyn, NY 11237

This exceptional three-story, 43,600 square foot warehouse building presents a compelling investment opportunity in the thriving Williamsburg/Bushwick area of Brooklyn, NY. Situated on a 15,200 square foot lot (100 feet of frontage on Flushing and Jefferson Streets), the property boasts 13,000 square feet of ground-floor warehouse space featuring 16-foot ceilings, two rear loading docks, and a small retail showroom. The upper two floors comprise approximately 30,600 square feet of artist studios and creative office space. A 4,600 square foot semi-grade basement provides additional tech office and storage space. A freight elevator (8,000 lb capacity) services all three floors. The building benefits from in-place leases with termination clauses, offering flexibility for future occupancy. Its strategic location near the Jefferson Street 'L' train station and major highways (BQE and LIE) ensures excellent accessibility. Zoned M1-1, this property is located within an Industrial Business Park and a Qualified Opportunity Zone, offering significant tax advantages. The asking price is $12,500,000, representing a 7.26% cap rate and a strong net operating income (NOI) of $907,451. This is a rare chance to acquire a substantial commercial building in a rapidly developing and highly desirable Brooklyn neighborhood.