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Property profile

5700 1St Ave Brooklyn, NY 11220

OFF-MARKET
Warehouses
View Sample
170,000 SF Built 1910

Property summary

AI-generated overview

This exceptional 6,000 square foot space is part of a larger 170,000 square foot multi-tenant building located at 5700 1st Ave, Brooklyn, NY 11220, near the cross street of 56th Street in Kings County. Built in 1910, this four-story building offers a unique blend of office and industrial space, perfect for creative businesses seeking a flexible layout. The loft-style unit boasts high ceilings and a wide-open floor plan, easily adaptable to various needs. Large windows provide abundant natural light. The property features excellent freight access and a heavy floor load capacity, making it suitable for a range of uses, from studios and workshops to offices and warehouses. The building's industrial heritage is complemented by modern amenities, creating a dynamic and inspiring work environment. This prime location in Sunset Park offers easy access to major transportation routes and a vibrant community. The asking price is a highly competitive $17 per square foot. This is a rare opportunity to secure a versatile and well-located space in a thriving Brooklyn neighborhood.

Property profile

Verified
Property type Warehouses
Year built 1910
Total area 170,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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