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Property profile & analytics

142 Conover St Brooklyn, NY 11231-1122

  • Manufacturing properties
  • 2,500 SF
  • 0.06 lot acres
OFF-MARKET
Last Sale
Nov 13, 2024
$1,270,000
Value Estimations
$1,300,000
Show details
Cap Rate Potential
3.5%
Manufacturing properties
Location Intelligence
Property ID
US63-1728927
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.

Current Use by Public Records

  • Manufacturing properties

Property Details for 142 Conover St

Year built
1961
Lot size
0.06 lot acres
Property size
2,500 SF
Zone code
M2-1
Property type
Manufacturing properties
APN
00554-0027
APU
5540027

Description

This exceptional 2,500-square-foot flex space at 142 Conover Street in Brooklyn, New York, presents a unique opportunity for a variety of businesses. Located in the vibrant Red Hook neighborhood, this single-tenant property boasts a prime corner location, offering unparalleled visibility and accessibility. The building features impressive 16-foot ceilings, providing ample vertical space for creative design and efficient use of the area. Two convenient drive-in bays ensure easy loading and unloading of goods, making it ideal for businesses requiring efficient logistics. The open layout offers maximum flexibility for customization to suit specific operational needs. Its strategic location offers easy access to major transportation arteries, including the BQE and Hugh L. Carey Tunnel, providing seamless connectivity to Manhattan, Queens, and the rest of Brooklyn. Furthermore, its proximity to the Red Hook ferry and Brooklyn Cruise Terminal enhances its appeal and accessibility. The surrounding area is rich with popular establishments, including Hometown Bar-B-Que, Defonte’s Sandwich Shop, Pioneer Works, and Red Hook Tavern, creating a thriving and attractive environment for both employees and customers. This property is perfectly suited for a variety of uses, including art/design studios, taprooms, or other creative ventures requiring a spacious and well-located industrial space. The property is situated in Kings County, New York, with a zip code of 11231.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,270,000
    ML approach
    $1,270,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,382,000
    Market price range: $817k - $2.05M
  • Alternative Use

    Use
    Estimation
    INDUSTRIAL (GENERAL)
    $1,420,000
    Current use
    COMMERCIAL (GENERAL)
    $1,995,000
    Change: +41% Conversion: Difficult
    AUTO REPAIR, GARAGE
    $1,985,000
    Change: +40% Conversion: Easy
    RETAIL STORES
    $1,925,000
    Change: +36% Conversion: Moderate
    WAREHOUSE, STORAGE
    $1,880,000
    Change: +33% Conversion: Easy
    OFFICE BUILDING
    $1,375,000
    Change: -3% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-74.0132
Latitude
40.6793
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
$11,182
$20,250
$108,000
$128,250
-
$45,000
$240,000
$285,000
More about this property
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