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Property profile & analytics
OFF-MARKET Estimated value $8,240,000
Warehouses

71 White St Brooklyn, NY 11206-3719

24,710 SF 0.57 ac lot Built 1931
Entity Owned 5-yr Hold Free & Clear
Property ID
US63-1001505
Property summary
AI-generated overview

This exceptional 24,240-square-foot warehouse space at 71 White Street in Brooklyn, New York, presents a unique opportunity for businesses seeking a versatile industrial or commercial location. Situated in a prime Bushwick location, this single-story building offers a 15-foot ceiling height, one loading dock, and three drive-ins, ensuring efficient operations. The property boasts a total building size of 64,280 square feet, with 24,240 square feet currently available for lease. Its M1-2 zoning allows for significant development potential, with a maximum floor area ratio (FAR) of 2.0, permitting up to 48,480 square feet of development, and a 4.8 FAR for community facility development. The triple-frontage lot provides 439 feet of frontage on White Street, Boerum Street, and McKibbin Street, offering excellent access and loading capabilities. The property's location is highly advantageous, just two blocks from the Morgan Avenue L train station, providing easy access to Manhattan and major roadways throughout the New York City metropolitan area. The landlord is open to various development concepts, including roof restoration to original height, raising the roof to achieve 20-30 feet of clear height, and adding a partial or full second floor. This presents a rare opportunity to customize the space to meet specific business needs. The property's APN is 3082, and it's located in Kings County, New York, zip code 11206.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1931
Total area 24,710 SF
Lot 0.57 ac (25,000 SF)
Zoning code M1-2
APN 03082-0047
UPID US63-1001505
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
  • Specialty Medical Products Inc Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.51M
CAP Approach CAP
$8.21M
Comparable Approach Comparable
$9.13M
Blend (final) Blend
$8.24M
Owner & transaction history
Ph Greenpoint LLC · 5 yrs held
Ph Greenpoint LLC
since 2021
Last sale
$7.6M
5 recorded transactions
2021
$7.6M
2015
$8.8M
2014
$9.5M
2010
$3.5M
1969
Price N/A
Zoning & alternative use
M1-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $13.6M +48.3%
Commercial (general) $10.8M +17.2%
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