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Property profile & analytics
OFF-MARKET Estimated value $6,400,000
Warehouses

255 47th St Brooklyn, NY 11220-1009

18,000 SF 0.23 ac lot Built 1924
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US63-1935298
Property summary
AI-generated overview

This exceptional industrial property at 255 47th Street in Brooklyn's desirable Sunset Park offers a rare opportunity. The 13,500-square-foot warehouse boasts a flexible layout, perfect for a variety of uses. The building features two stories, with ceiling heights of 12.4 feet on the first floor and 15.5 feet on the second, providing ample vertical space. One convenient drive-in bay simplifies loading and unloading. The property is zoned M1-2, allowing for a range of industrial and manufacturing activities. The entire 13,500 square feet is currently vacant, presenting a unique chance for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. Minimum divisible space is 5,500 square feet, with a maximum contiguous space of 13,500 square feet. A notable feature is the availability of 8,000 square feet on the second floor with private elevator access, ideal for office space or specialized operations. This prime location in Sunset Park, Kings County (APN 754-52), offers excellent access to major transportation routes and a thriving industrial community. The property's size, layout, and location make it an ideal choice for businesses seeking a versatile and strategically located warehouse space in New York City. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1924
Total area 18,000 SF
Lot 0.23 ac (10,017 SF)
Zoning code M12D
APN 00754-0052
UPID US63-1935298
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.40M
CAP Approach CAP
$6.99M
Comparable Approach Comparable
$8.07M
Blend (final) Blend
$6.40M
Owner & transaction history
255 47 Street LLC · 1 yrs held
255 47 Street LLC
since 2024
Last sale
$6.4M
4 recorded transactions
2024
$6.4M
2020
Price N/A
1996
$370,000
1969
Price N/A
Zoning & alternative use
M12D · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $10.2M +13.3%
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