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    OFF-MARKET
    Industrial properties

    770 3Rd Ave, Brooklyn, NY 11232

    24,500 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 24,500-square-foot industrial property at 770 3rd Avenue in Brooklyn, NY, presents a unique investment opportunity. The building, zoned M3-1, features a versatile layout ideal for various uses. The ground floor is suitable for supermarket retail, while a legal lower level provides ample space for food preparation and cold storage. Second-floor offices offer additional functional space. The property boasts convenient features including a loading dock, multiple means of egress, and three billboards, maximizing visibility and accessibility. Located in Sunset Park, this vacant building benefits from excellent transportation links, including proximity to the D, N, R, and W subway lines at the 25th Street station, as well as easy access to the Brooklyn-Queens Expressway and I-278. The vibrant Sunset Park neighborhood offers a diverse community and a bustling commercial district with nearby tenants such as Pet Delight, Advanced Refrigeration Parts Inc., Floor & Decor, and more. The asking price is $5,950,000, translating to $242.86 per square foot. This NNN lease property is ready for immediate occupancy and presents a strong potential for significant return on investment.

    Property profile
    Verified
    Property type Industrial properties
    Total area 24,500 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rossman Fruit & Vegetable District Food Market Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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