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    Property profile & analytics
    OFF-MARKET Estimated value $17,870,000
    Manufacturing properties

    1177 Flushing Ave, Brooklyn, NY 11237-1717

    83,636 SF 2.3 ac lot Built 1964
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US63-1212240
    Property summary
    AI-generated overview

    This exceptional 28,000-square-foot industrial property, located at 1177 Flushing Avenue in East Williamsburg, Brooklyn, presents a significant opportunity for a single tenant. The building is zoned R6 and situated in Kings County, New York (zip code 11237). The entire space is currently vacant and ready for immediate occupancy. Boasting a substantial 20-foot ceiling height, this property is ideally suited for a variety of light industrial uses, including manufacturing, wholesale operations, and storage. Its prime location on heavily trafficked Flushing Avenue ensures excellent visibility and accessibility, making it an attractive option for businesses seeking a strategic presence in this vibrant Brooklyn neighborhood. The property's single-tenant occupancy offers the advantage of complete control and customization. With its ample square footage and desirable features, this industrial space represents a rare find in a highly sought-after area. Serious inquiries are encouraged to explore the potential of this exceptional property. The property is classified as a manufacturing space within the industrial property type.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group FACTORY (MANUFACTURING)
    Year built 1964
    Total area 83,636 SF
    Lot 2.3 ac (100,014 SF)
    Zoning code M1-2
    APN 02994-0090
    UPID US63-1212240
    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
    • Jovani Fashions Clothing Store
    • Wuhou Textiles Co USA Corporation Home Decor Store Department Store
    • US Chinese Chamber of Commerce Business Service Center Advocacy Group
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $22.89M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $17.87M
    Owner & transaction history
    Maslavi 5 LLC · 19 yrs held
    Maslavi 5 LLC
    since 2007
    4 recorded transactions
    2021
    2013
    2007
    $12.0M
    1969
    Zoning & alternative use
    M1-2 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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