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Property profile & analytics
FOR SALE
Warehouses

1572 Atlantic Ave Brooklyn, NY 11213

4,000 SF 0.09 ac lot Built 1910
Entity Owned 3-yr Hold Free & Clear
Property ID
US63-1549450
Property summary
AI-generated overview

This exceptional 4,000 square foot warehouse at 1572 Atlantic Avenue in Brooklyn, New York, presents a compelling investment opportunity. Currently vacant, this property offers immediate potential for lease or owner-occupancy. Situated on a 4,000 square foot lot, the building boasts convenient access to public transportation, being near the A train and B43 bus route. Its strategic location borders Bedford-Stuyvesant, a neighborhood experiencing significant growth, promising strong future returns. The warehouse features a drive-in loading bay, two bathrooms, and two offices, enhancing its functionality and appeal. Adding to its versatility is an additional 1,500 square feet of mezzanine space, providing valuable extra storage or office area. The building's high ceilings (14 feet) and substantial power capacity (up to 600 amps) cater to a wide range of industrial uses. The property is zoned M1-1 and measures 40 feet by 100 feet, offering flexibility for future development or expansion. This is a rare opportunity to acquire a well-located, versatile warehouse in a rapidly developing Brooklyn neighborhood. The asking price is $2,800,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1910
Total area 4,000 SF
Lot 0.09 ac (4,000 SF)
Zoning code M1-1
APN 01204-0033
UPID US63-1549450
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
  • New York Carrier Trading Inc. Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.30M
CAP Approach CAP
$1.33M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.40M
Owner & transaction history
1572 Atlantic Ave LLC · 3 yrs held
1572 Atlantic Ave LLC
since 2023
Last sale
$1.6M
2 recorded transactions
2023
$1.6M
2016
Price N/A
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $2.2M +9.8%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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