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    121 Morgan Ave Brooklyn, NY 11237

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    For Sale
    Contact for pricing

    Spacious Brooklyn industrial warehouse, ideal for diverse uses.

    Property size:
    97,570 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property at 121 Morgan Avenue, Brooklyn, NY 11237, offers 97,570 square feet of space within a 48,785 square foot lot. The building itself comprises 52,974 square feet, distributed across a ground floor (43,972 sq ft), mezzanine (4,909 sq ft), and second floor (4,093 sq ft). Benefiting from M3-1 zoning, the property allows for a 2.0 FAR, maximizing development potential. Two street accesses and three loading berths ensure efficient logistics. Located just one block from the Morgan Avenue L train station and minutes from major roadways including the BQE and LIE, this location provides unparalleled access to Manhattan and the tri-state area. The property's 285 feet of frontage on Morgan and Johnson Avenues offers exceptional visibility and accessibility. Its position within a designated IBZ zone makes it particularly well-suited for e-commerce, last-mile distribution, studios, and entertainment businesses. This is a rare opportunity to acquire a substantial industrial property in a rapidly developing area of Brooklyn.

    Property Features for 121 Morgan Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    97,570 SF

    HighLights

    • 97,570 SF industrial warehouse in Brooklyn, NY.
    • Existing 52,974 SF industrial building with 43,972 SF ground floor, 4,909 SF mezzanine, and 4,093 SF second floor.
    • Features three loading berths and two street accesses.
    • Located in an M3‑1 zoning district, allowing for up to 97,570 SF of industrial/commercial development.
    • Situated one block from the L train and minutes from major highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -73.932963
    Latitude
    40.7080356

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    FAQs

    What type of property is this?
    Distribution property - Spacious Brooklyn industrial warehouse, ideal for diverse uses.
    Where is this distribution property located?
    The property is located at 121 Morgan Ave Brooklyn, NY.
    What are key features of this property?
    This property features: 97,570 SF industrial warehouse in Brooklyn, NY.; Existing 52,974 SF industrial building with 43,972 SF ground floor, 4,909 SF mezzanine, and 4,093 SF second floor.; Features three loading berths and two street accesses.
    Request Owner's contact information
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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
    121 Morgan Ave Brooklyn, NY 11237
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