425 39Th St Brooklyn, NY 11232
- Warehouses
- 2,438 SF
- 0.06 lot acres
Current Use by Public Records
- Warehouses
Property Details for 425 39Th St
- Year built
- 2003
- Lot size
- 0.06 lot acres
- Property size
- 2,438 SF
- Zone code
- M1-2
- Property type
- Warehouses
- APN
- 00705-0066
- APU
- 7050066
Description
This exceptional 2,450 square foot industrial warehouse, located at 425 39th Street in Brooklyn, New York's desirable Sunset Park neighborhood, presents a compelling investment opportunity. The property boasts a solid brick construction, built in 2003, and sits on a 100 square foot lot (25ft x 40ft building footprint). The warehouse features impressive 16-20 foot ceilings, providing ample vertical space for various uses. Currently, the single-story building is occupied by a tenant under a five-year lease signed in 2022, generating a monthly rental income of $5,500 with a 3% annual rent increase. The M1-2 zoning allows for a wide range of commercial and manufacturing activities. The property's affordable property taxes further enhance its financial attractiveness. This is a rare chance to acquire a well-maintained, income-generating industrial property in a thriving Brooklyn location. The asking price is $2,100,000. Don't miss this opportunity to establish your business or add to your investment portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $360,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0052
- Latitude
- 40.6523
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
