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    8731 18Th Ave Brooklyn, NY 11214

    Sponsored
    For Sale
    $5,000,000

    Spacious two-story warehouse, ample parking.

    Property size:
    13,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 8731 18th Ave in Brooklyn, NY 11214, presents a unique investment opportunity. The warehouse boasts a total of 13,200 square feet spread across two stories, offering significant space for various industrial or storage needs. The first floor encompasses 5,500 square feet, while the second floor provides an additional 3,200 square feet of usable area. A substantial 4,500 square foot basement adds further versatility and storage capacity. The property is currently vacant, allowing for immediate occupancy and customization to suit specific business requirements. Convenient on-site parking is available for 20 vehicles. The property is offered at an asking price of $5,000,000 and is listed as a Net, Net, Net (NNN) lease. This prime location in Kings County offers excellent access to major transportation routes and a thriving commercial environment. This is an ideal opportunity for businesses seeking a substantial and well-located warehouse space in Brooklyn. The property's size, layout, and parking provisions make it a highly attractive proposition for a wide range of industrial users.

    Property Features for 8731 18Th Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    13,200 SF

    Building Details

    Stories
    2

    HighLights

    • 1st Floor: 5,500 SF of space.
    • 2nd Floor: 3,200 SF of space.
    • Basement: 4,500 SF of space.
    • On‑site parking for 20 cars.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -74.005285
    Latitude
    40.604303

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    FAQs

    What type of property is this?
    Distribution property - Spacious two-story warehouse, ample parking.
    Where is this distribution property located?
    The property is located at 8731 18Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 1st Floor: 5,500 SF of space.; 2nd Floor: 3,200 SF of space.; Basement: 4,500 SF of space.
    Request Owner's contact information
    8731 18Th Ave Brooklyn, NY 11214
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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
    8731 18Th Ave Brooklyn, NY 11214
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