71 White St Brooklyn, NY 11206
- Warehouses
- 24,710 SF
- 0.57 lot acres
Current Use by Public Records
- Specialty Medical Products Inc / Medical Supply Store
Property Details for 71 White St
- Year built
- 1931
- Lot size
- 0.57 lot acres
- Property size
- 24,710 SF
- Zone code
- M1-2
- Property type
- Warehouses
- APN
- 03082-0047
- APU
- 30820047
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,490,000
- ML approach
- $8,505,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,895,000
- 6.5%
- $8,210,000
- 7%
- $7,625,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,127,000
Market price range: $7.44M - $12.3M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $9,175,000 Current use
- INDUSTRIAL (GENERAL)
- $14,025,000 Change: +53% Conversion: Easy
- OFFICE BUILDING
- $13,600,000 Change: +48% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $10,750,000 Change: +17% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $7,550,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.936
- Latitude
- 40.7062
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
