Technical
Financial
Distress signals
Property profile

43 George St Brooklyn, NY 11206

OFF-MARKET
Warehouses
27,600 SF
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Property summary

AI-generated overview

This prime Bushwick, Brooklyn property offers 27,600 square feet of vacant industrial space, perfect for redevelopment. Situated on a 24,900 square foot lot, the two-story building features 14-15 foot ceilings and one dock-high door. The M3-1 zoning allows for diverse commercial uses. An impressive 22,161 square feet of additional air rights presents significant expansion potential. Located at 43 George Street, this vacant property is ready for immediate development and benefits from convenient access to multiple subway lines. The property's size and location in the thriving Bushwick market make it an exceptional investment opportunity for developers seeking to capitalize on the area's growth. The building is currently vacant with an occupancy date of December 5th, 2024. This redevelopment project offers a unique chance to create a significant commercial presence in a highly desirable Brooklyn neighborhood. The substantial lot size and generous air rights provide flexibility for a wide range of development plans. This is a rare opportunity to acquire a large, vacant industrial property in a rapidly developing area.

Property profile

Verified
Property type Warehouses
Total area 27,600 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Food Bank Charitable Organization
  • Church
  • Food Bank Charitable Organization
  • Event Planning Wedding Service

Location

43 George St Brooklyn, NY 11206
Brooklyn metro
Google Maps

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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