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Property profile & analytics
OFF-MARKET Estimated value $2,310,000
Office buildings

40 Park St Brooklyn, NY 11206-4541

9,975 SF 0.09 ac lot Built 1900
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US63-2037828
Property summary
AI-generated overview

This exceptional 3,500-square-foot creative office space is available for lease at 40 Park Street in Bushwick, Brooklyn. Located on a single floor, this stunning loft offers a flexible, open layout perfect for a variety of businesses, including offices, showrooms, or studios. The space boasts high exposed beamed ceilings and abundant natural light from windows on all four sides, creating a bright and inspiring work environment. The architectural details are striking, offering a unique and stylish setting for any creative professional company. At $32 per square foot, this represents a significant value in this highly sought-after neighborhood. Bushwick is renowned as a vibrant hub for creative businesses, offering easy access to a diverse range of restaurants, cafes, bars, and entertainment options. Its prime location in Kings County also provides convenient access to public transportation, ensuring effortless commutes for employees and clients. This is a rare opportunity to secure a remarkable space in the heart of Brooklyn's thriving creative community. The entire 3,500 square feet is currently vacant and ready for immediate occupancy.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1900
Total area 9,975 SF
Lot 0.09 ac (4,017 SF)
Zoning code M1-1
APN 03134-0021
UPID US63-2037828
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
  • Franca NYC Industrial Manufacturer Production Facility
  • Danny Kaplan Studio Industrial Manufacturer
  • Joseph Algieri Artist
  • Architensions Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Base Ceramics Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.31M
Owner & transaction history
Park Off Broadway LLC · 11 yrs held
Park Off Broadway LLC
since 2015
3 recorded transactions
2021
Price N/A
2015
$900,000
1969
Price N/A
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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