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Property profile & analytics
OFF-MARKET Estimated value $11,950,000
Manufacturing properties

181 Lombardy St Brooklyn, NY 11222-5417

24,000 SF 0.69 ac lot Built 1940
Entity Owned 2-yr Hold Free & Clear
Property ID
US63-5590058
Property summary
AI-generated overview

This exceptional 24,000-square-foot Class A industrial building in New York City's Greenpoint neighborhood offers a unique opportunity. Completely renovated in 2021, this single-tenant property boasts a modern infrastructure and state-of-the-art mechanical systems. The building features a 17-foot ceiling height, one loading dock, fifteen dock-high doors, and one drive-in door, ensuring efficient operations. Power is robust, with 3,000 amps available at 208v and 480v. Its versatile design accommodates various uses, including refrigerated/cold storage, manufacturing, flex space, warehousing, distribution, and R&D. The building's zoning is M3-1. Situated on a 6,000-square-foot lot, the property also includes a secure, paved, and fenced yard area. This fireproof structure is temperature-controlled, making it ideal for businesses requiring climate-controlled environments. The building's single-story design and efficient layout maximize space and functionality. This is a rare opportunity to secure a modern, well-equipped industrial space in a highly desirable location. The entire 24,000 square feet is currently vacant and ready for immediate occupancy.

Property profile
Verified
Property type Manufacturing properties
Use group FACTORY (MANUFACTURING)
Year built 1940
Total area 24,000 SF
Lot 0.69 ac (30,000 SF)
Zoning code M3-1
APN 02821-0011
UPID US63-5590058
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
  • Marly Home Industries (USA) Inc. Industrial Manufacturer Production Facility
  • Soueidan Market Inc. Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$11.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.61M
Blend (final) Blend
$11.95M
Owner & transaction history
Terreno 1215 Walnut LLC · 2 yrs held
Terreno 1215 Walnut LLC
since 2024
Last sale
$12.0M
2 recorded transactions
2024
$12.0M
2022
Price N/A
Zoning & alternative use
M3-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $19.1M +40.0%
Retail stores $18.5M +35.7%
Commercial (general) $16.1M +18.0%
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