1182 Flushing Ave Brooklyn, NY 11237-1747
Property profile & analytics
1182 Flushing Ave Brooklyn, NY 11237-1747
- Warehouses
- 43,600 SF
- 0.35 lot acres
Property ID
US63-3743400
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Bosco / Advertising Agency / Marketing & Advertising
- Björn Meyer-Ebrecht Studio / Artist
- Julia Trading Inc / Clothing Store
- Midnight Commercial / Marketing & Advertising / Advertising Agency
Property Details for 1182 Flushing Ave
- Year built
- 1931
- Lot size
- 0.35 lot acres
- Property size
- 43,600 SF
- Zone code
- M1-1
- Property type
- Warehouses
- APN
- 03167-0026
- APU
- 31670026
Description
This exceptional three-story, 43,600 square foot warehouse building presents a compelling investment opportunity in the thriving Williamsburg/Bushwick area of Brooklyn, NY. Situated on a 15,200 square foot lot (100 feet of frontage on Flushing and Jefferson Streets), the property boasts 13,000 square feet of ground-floor warehouse space featuring 16-foot ceilings, two rear loading docks, and a small retail showroom. The upper two floors comprise approximately 30,600 square feet of artist studios and creative office space. A 4,600 square foot semi-grade basement provides additional tech office and storage space. A freight elevator (8,000 lb capacity) services all three floors. The building benefits from in-place leases with termination clauses, offering flexibility for future occupancy. Its strategic location near the Jefferson Street 'L' train station and major highways (BQE and LIE) ensures excellent accessibility. Zoned M1-1, this property is located within an Industrial Business Park and a Qualified Opportunity Zone, offering significant tax advantages. The asking price is $12,500,000, representing a 7.26% cap rate and a strong net operating income (NOI) of $907,451. This is a rare chance to acquire a substantial commercial building in a rapidly developing and highly desirable Brooklyn neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9245
- Latitude
- 40.7067
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$100,476
$273,600
$675,000
$948,600
-
$608,000
$1,500,000
$2,108,000
