34 3440th S 1st St Brooklyn, NY 11249-4103
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.
-
Ban-N-Son's Produce Warehouse & Storage
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M3-1 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.