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Property profile & analytics
OFF-MARKET Estimated value $1,610,000
Manufacturing properties

34 3440th S 1st St Brooklyn, NY 11249-4103

9,500 SF 0.22 ac lot Built 1940
Entity Owned ~ Est. High Equity
Property ID
US63-2177763
Property summary
AI-generated overview

This exceptional 9,500 square foot warehouse, located at 34 South 1st Street in Brooklyn, New York, presents a unique investment opportunity. Built in 1940, this single-building property sits on a 9,500 square foot lot (95' x 100') and features impressive 20-foot ceilings. The property is zoned M3-1, offering significant development potential. With a Commercial Floor Area Ratio (FAR) of 2.0, an additional 9,500 square feet can be added, resulting in a maximum usable commercial FAR of 19,000 square feet. Maintaining the existing manufacturing use allows for an even higher FAR of 2.2, totaling 20,900 square feet. This prime location in the heart of Brooklyn's Domino Park redevelopment area offers unparalleled access to transportation, including the NYC Ferry, Williamsburg Bridge, and multiple subway lines (J, M, Z, and L). The surrounding area boasts a vibrant mix of upscale residential and commercial properties, including well-known establishments such as Supreme, Devocion, and Roberta's. The asking price for this exceptional property is $10,800,000. All zoning regulations, square footage calculations, and tax considerations should be independently verified.

Property profile
Verified
Property type Manufacturing properties
Use group FACTORY (MANUFACTURING)
Year built 1940
Total area 9,500 SF
Lot 0.22 ac (9,500 SF)
Zoning code M3-1
APN 02403-0015
UPID US63-2177763
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
  • Ban-N-Son's Produce Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.61M
Owner & transaction history
34 South 1 LLC
34 South 1 LLC
since 2025
1 recorded transaction
2025
$9.6M
Zoning & alternative use
M3-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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