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Property profile & analytics
OFF-MARKET
Warehouses

43 George St Brooklyn, NY 11206

27,600 SF
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cathedral Of Joy Community Development Corporation (cdc) - Food Distribution Center Food Bank Charitable Organization
  • Cathedral of Joy Christian Center, Inc. Church
  • Williamsburg Community Church Of God - Food Distribution Center Food Bank Charitable Organization
  • R&M Party Decor Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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