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    181 Lombardy St Brooklyn, NY 11222-5417
    Property profile & analytics

    181 Lombardy St, Brooklyn, NY 11222-5417

    View on Map

    • Manufacturing properties
    • 24,000 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Mar 25, 2024
    $11,950,000
    Property ID
    US63-5590058
    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.

    Value Estimations
    $11,950,000
    Show details
    Cap Rate Potential
    3.6%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • Marly Home Industries (USA) Inc. / Industrial Manufacturer / Production Facility
    • Soueidan Market Inc. / Department Store

    Property Details for 181 Lombardy St

    Year built
    1940
    Lot size
    0.69 lot acres
    Property size
    24,000 SF
    Zone code
    M3-1
    Property type
    Manufacturing properties
    APN
    02821-0011
    APU
    28210011

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $11,950,000
      ML approach
      $11,950,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,612,000
      Market price range: $7.85M - $19.7M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $13,620,000
      Current use
      AUTO REPAIR, GARAGE
      $19,070,000
      Change: +40% Conversion: Easy
      RETAIL STORES
      $18,480,000
      Change: +36% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $16,080,000
      Change: +18% Conversion: Difficult
      WAREHOUSE, STORAGE
      $13,265,000
      Change: -3% Conversion: Easy
      OFFICE BUILDING
      $13,210,000
      Change: -3% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9335
    Latitude
    40.7239
    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
    $122,334
    $371,250
    $880,650
    $1,251,900
    -
    $825,000
    $1,957,000
    $2,782,000
    More about this property
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