Property summary
This exceptional 72,000 square foot property at 375 Park Avenue in New York City's vibrant Kings County (zip code 11205) presents a unique investment and development opportunity. Currently configured as a single-story (72,000 total square feet) building, 12,800 square feet are immediately available for lease. The existing space is utilized as a light marble cutting facility, showroom, and office space, showcasing its adaptability. The property is zoned M1-2, allowing for a wide range of commercial uses. A significant advantage is the landlord's commitment to constructing a brand-new, ultra-contemporary building with ample parking for a long-term tenant. This build-to-suit option allows for complete customization to meet specific business needs, maximizing the potential of this prime location. The property's multiple tenancy allows for flexibility in lease terms and occupancy. This is an unparalleled chance to secure a substantial presence in a high-demand area of New York City, offering both immediate occupancy and the potential for a completely redesigned, state-of-the-art facility. The property's corner location on Park Avenue ensures high visibility and accessibility. This is a rare opportunity to acquire a significant commercial space in a thriving New York City neighborhood.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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