181 Lombardy St Brooklyn, NY 11222-5417
- Manufacturing properties
- 24,000 SF
- 0.69 lot acres
Mar 25, 2024
Current Use by Public Records
- Marly Home Industries (USA) Inc. / Manufacturer
- Soueidan Market Inc. / 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
-
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
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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