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Brooklyn Industrial/Commercial Development Opportunity
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121 Morgan Ave, Brooklyn, NY 11237

Industrial/commercial property near Morgan Avenue L train station.

Property Size97,570 SF
Days on Market706

Property Features for 121 Morgan Ave

General Information

Standard status Active
Size 97,570 SF
Property subtype Industrial
Zoning M3-1
Listing Agency: Pinnacle Realty of New York LLC
Listed By: Decio Baio · License #NY
Source: Crexi
Added: Sep 17, 2024 Changed: Aug 23 Last Checked: Aug 23 at 2:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Realty of New York LLC

Investment Insights

Based on property information with market context.

Located one block from the Morgan Avenue L train subway station in Bushwick, Brooklyn, this industrial/commercial property offers convenient access to Manhattan and the outer boroughs via the BQE/LIE and other major roadways. Situated in an M3-1 zoning district, the property allows for up to 2.0 FAR, which is equivalent to 97,570 square feet of industrial/commercial development. The site features 285 feet of frontage on both Morgan Avenue and Johnson Avenue, facilitating easy site access. The property is located in a designated IBZ zone and is suitable for e-commerce, last-mile distribution, studios, and entertainment venues. Build-to-suit options are available to accommodate prospective tenant requirements.

Key Highlights

  • Prime location: Just a block from the Morgan Avenue L train and minutes from Manhattan.
  • M3‑1 zoning: Allows for up to 97,570 Sq. Ft. of Industrial / Commercial Development (2.0 FAR).
  • Excellent transportation access: Minutes to BQE/LIE and major roadways.

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Spa & Massage Center Auto Parts Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,542
Businesses Nearby

Demographics for 11237, NY

49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Industrial property - Industrial/commercial property near Morgan Avenue L train station.
Where is this industrial property located?
The property is located at 121 Morgan Ave Brooklyn, NY.
What are key features of this property?
This property features: Prime location: Just a block from the Morgan Avenue L train and minutes from Manhattan.; M3‑1 zoning: Allows for up to 97,570 Sq. Ft. of Industrial / Commercial Development (2.0 FAR).; Excellent transportation access: Minutes to BQE/LIE and major roadways.
(718) 371-6406 Call to check price and availability
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