404 Mcguinness Blvd Brooklyn, NY 11222
- Auto shops
- 24,352 SF
- 0.55 lot acres
Current Use by Public Records
- Power Brake Service Inc / Brake Shop
Property Details for 404 Mcguinness Blvd
- Year built
- 1931
- Lot size
- 0.55 lot acres
- Property size
- 24,352 SF
- Zone code
- M3-1
- Property type
- Auto shops
- APN
- 02484-0001
- APU
- 24840001
Description
This exceptional industrial property at 404 McGuinness Blvd, Brooklyn, NY 11222, offers 32,000 square feet of warehouse space in a prime location. The building features 18-foot ceilings, three drive-in doors, and 600 amps of power, making it ideal for a variety of industrial uses. Multiple tenancy options are available, with spaces ranging from a minimum of 12,500 square feet to a maximum contiguous space of 19,500 square feet. The entire property sits on a 12,500 square foot lot, offering ample space for loading and maneuvering. Located in Kings County, this property benefits from its M3-1 zoning, allowing for significant development potential (up to 2.0 FAR, approximately 48,750 square feet). Its strategic location near the Pulaski Bridge provides easy access to major roadways, including the LIE and BQE, ensuring seamless connectivity to all five boroughs of New York City. The triple frontage on McGuinness Boulevard, Paidge Avenue, and Clay Street offers exceptional visibility and accessibility. This opportunity is further enhanced by its designation as an Opportunity Zone, presenting significant tax advantages. This is a rare chance to acquire a substantial industrial property in a highly sought-after location with considerable upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $940,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $785,000
- 6.5%
- $770,000
- 7%
- $645,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $705,000
- Geo Method
- $680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $650,000
- Retail
- $720,000
- Mixed-Use
- $750,000
- Hospitality
- $765,000
- Educational
- $760,000
- Residential Income
- $695,000
- Energy
- $670,000
- Income-Based Land
- $610,000
- Food Service
- $660,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9522
- Latitude
- 40.7371
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
