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    OFF-MARKET
    Warehouses

    280 Johnson Ave, Brooklyn, NY 11206-2801

    31,450 SF 1.21 ac lot Built 1958
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US63-6156880
    Property summary
    AI-generated overview

    This exceptional 52,990-square-foot industrial property at 280 Johnson Avenue in Brooklyn, NY, offers a unique opportunity. The single-story building features two suites, with a minimum divisible space of 21,540 square feet and a maximum contiguous space of 31,450 square feet. Currently, the entire 52,990 square feet is vacant and ready for immediate occupancy. The warehouse boasts impressive 18' to 22' ceiling heights, four drive-in doors for convenient loading and unloading, and substantial power with 800 AMP electric service. The property is zoned M1-1 and M1-2, allowing for a variety of uses. Its prime location on a major thoroughfare in Bushwick provides excellent visibility and accessibility, with easy access to public transportation via the L train at Montrose and Morgan Avenues. The property's ample space and flexible zoning make it ideal for a range of businesses, including studios, retail, entertainment venues, offices, and last-mile distribution centers. The APN is 3073-35, and the property is located in Kings County, NY, 11206. This is a rare opportunity to secure a substantial industrial space in a rapidly developing area of Brooklyn.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1958
    Total area 31,450 SF
    Lot 1.21 ac (52,490 SF)
    Zoning code M1-2
    APN 03073-0035
    UPID US63-6156880
    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
    • Caayu Inc. Renovation Specialist General Contractor
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Pe 280 Johnson Avenue, LLC, A Delaw · 4 yrs held
    Pe 280 Johnson Avenue, LLC, A Delaw
    since 2021
    Last sale
    $27.5M
    7 recorded transactions
    2021
    $27.5M
    2020
    2019
    2017
    2010
    $6.2M
    2007
    2005
    $410,000
    Zoning & alternative use
    M1-2 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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