335-347 38Th St Brooklyn, NY 11232
- Warehouses
- 12,742 SF
Current Use by Public Records
- Warehouses
Property Details for 335-347 38Th St
- Property size
- 12,742 SF
- Property type
- Warehouses
- Property subtype
- Office Properties & Spaces
Description
This exceptional Sunset Park, Brooklyn property offers 12,742 square feet of combined office and warehouse space, currently vacant. Located at 335-347 38th Street, this single-story building sits on a 10,040 square foot lot boasting over 100 feet of street frontage with three curb cuts and roll-down gates. The flexible M1-2 zoning (2.0 FAR/4.8 CF FAR) allows for significant development potential, up to 48,200 buildable square feet, accommodating various commercial and light manufacturing uses. The property benefits from its prime location adjacent to Industry City, a thriving business hub with over 550 businesses. Excellent accessibility is ensured by proximity to the I-278 (Gowanus Expy) and the 36th Street (D, N, Q, R, W) subway station. This presents a unique opportunity for both end-users seeking a dynamic location and developers looking to capitalize on the available air rights and build a new project in this rapidly evolving commercial area. Annual property taxes (2023/2024) are $73,892. The asking price is $6,800,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0066
- Latitude
- 40.6541
