471 20th St, Unit 479 Brooklyn, NY 11215-6247

Property Details for 471 20th St

Year built

1931

Lot size

0.22 lot acres

Property size

9,700 SF

Zone code

M1-1

Property type

Manufacturing properties

APN

00888-0052

APU

8880052

Description

This exceptional South Slope, Brooklyn investment opportunity presents two contiguous, owner-occupied warehouses totaling 13,700 square feet on a 13,700 square foot lot. Located on 20th Street between Prospect Park West and 8th Avenue, this fee-simple property offers significant potential for owner-users and investors alike. The buildings, situated on two M1-1 zoned lots (Block: 00888, Lot: 0052, 0050), measure 137 ft x 100 ft and benefit from convenient access to the Prospect Expressway, just one block away. The property's prime location within the rapidly revitalizing South Slope neighborhood, undergoing significant commercial and residential development since its 2005 rezoning, ensures strong potential for future appreciation. The proximity to the 15th Street - Prospect Park ("F,G") subway station (five blocks) further enhances its appeal. With a total asking price of $5,000,000, this represents a compelling price per square foot of $364.96, and a land value of $408.76 per square foot. Capitalize on rising industrial rents and a growing supply-demand imbalance in this thriving submarket. This is a rare chance to acquire contiguous warehouse buildings in a highly sought-after Brooklyn location.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9845

Latitude

40.6572

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments