2322 7Th St Brooklyn, NY 11223
- Warehouses
- 3,593 SF
- 0.08 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2322 7Th St
- Year built
- 2023
- Lot size
- 0.08 lot acres
- Property size
- 3,593 SF
- Zone code
- C8-1
- Property type
- Warehouses
- APN
- 07166-0015
- APU
- 71660015
Description
This exceptional 4,300 square foot industrial building, constructed in 2024, presents a unique investment opportunity in Brooklyn, NY. Located at 2322 West 7th Street, zip code 11223, this single-unit property sits on a 4,300 square foot lot and boasts a 20+ foot ceiling height, providing ample space and potential for expansion. The building features a substantial 400-amp electrical service and is built with poured concrete over steel beams, ensuring structural integrity and durability. A key advantage is the inclusion of a 25-year tax abatement, significantly reducing operational costs. The property includes a convenient loading dock and private driveway, enhancing logistical efficiency. The expansive ceiling height allows for the potential construction of a second floor, effectively doubling the usable space to approximately 8,600 square feet. Its prime location in Brooklyn, near the intersection of 86th Street and West 7th Street, makes it ideally suited for a variety of commercial and industrial uses, including but not limited to auto body repair, warehousing, showrooms, manufacturing, and distribution. This is a rare find in the Brooklyn market, offering a blend of modern construction, significant potential, and substantial long-term cost savings. The asking price is $2,390,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $230,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $185,000
- Mixed-Use
- $185,000
- Hospitality
- $190,000
- Educational
- $250,000
- Residential Income
- $205,000
- Energy
- $250,000
- Income-Based Land
- $220,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9777
- Latitude
- 40.5913
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA