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Property profile & analytics

181 Lombardy St Brooklyn, NY 11222-5417

  • Manufacturing properties
  • 24,000 SF
  • 0.69 lot acres
OFF-MARKET
Last Sale
Mar 25, 2024
$11,950,000
Value Estimations
$12,365,000
Show details
Cap Rate Potential
3.6%
Manufacturing properties
Location Intelligence
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.

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

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 valuation — 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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