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    955 Remsen Ave Brooklyn, NY 11236

    Sponsored
    For Sale
    $2,500,000

    5,000 SF Vacant Industrial Building

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Brooklyn industrial property at 955 Remsen Avenue offers a prime investment opportunity. The 5,000 square foot vacant warehouse building is ideally suited for industrial or manufacturing uses. Located in the East Flatbush neighborhood, this single-story structure boasts 14-foot ceilings and two drive-in bays, ensuring efficient operations. The property includes a 2,000 square foot lot in the rear, providing ample space for parking, storage, or potential expansion. Additional storage containers are available in the backyard. The building's dimensions are 45 feet by 110 feet. Its M1-1 zoning allows for a variety of industrial uses. The convenient location offers easy access to the Belt Parkway, multiple bus lines (B17, B60, B8), and the L train at Canarsie-Rockaway Parkway. Nearby amenities include Dunkin', Planet Fitness, and numerous other retail establishments. This property is ready for immediate occupancy and presents a compelling investment opportunity in a thriving Brooklyn location. The asking price is $2,500,000.

    Property Features for 955 Remsen Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    5,000 SF

    HighLights

    • 4,950 SF industrial building in Brooklyn, NY, zoned M1‑1, with two drive‑ins.
    • Rear yard provides parking and storage.
    • Additional outdoor storage containers available.
    • 14‑foot ceilings.
    • Single‑story building, 45' x 110'.
    • 20' x 100' rear lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brooklyn Army Navy ... Army & Navy Surplus Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -73.9112911
    Latitude
    40.6453156

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    FAQs

    What type of property is this?
    Distribution property - 5,000 SF Vacant Industrial Building
    Where is this distribution property located?
    The property is located at 955 Remsen Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 4,950 SF industrial building in Brooklyn, NY, zoned M1-1, with two drive-ins.; Rear yard provides parking and storage.; Additional outdoor storage containers available.
    Request Owner's contact information
    955 Remsen Ave Brooklyn, NY 11236
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    Brooklyn, NY 11236
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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
    955 Remsen Ave Brooklyn, NY 11236
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