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Property profile & analytics
OFF-MARKET Estimated value $660,000
Warehouses

937 51st St 943 Brooklyn, NY 11203-6735

7,200 SF 0.21 ac lot Built 1954
Entity Owned 5-yr Hold Free & Clear
Property ID
US63-5941081
Property summary
AI-generated overview

This exceptional 4,000 square foot industrial property, previously used as a church, presents a unique opportunity for a variety of businesses. Located on E 51st Street, with convenient access via Farragut Road, this single-tenant building sits on a 5,000 square foot lot and offers a 14-foot ceiling height. The property features one drive-in door, providing easy loading and unloading capabilities. A significant advantage is the 1,000 square foot driveway directly accessible to the building, enhancing operational efficiency. The building is zoned M1-1, allowing for a wide range of manufacturing, flex, warehouse, and distribution uses. The property boasts a single story and a 50-foot frontage. There are no loading docks or dock-high doors, and no elevators are present. This versatile space is immediately available, making it an ideal choice for businesses seeking a quick move-in. The adaptable layout and ample space offer significant potential for customization to meet specific operational needs. The property's strategic location and zoning make it a highly attractive investment opportunity. Don't miss this chance to secure this well-positioned industrial property.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1954
Total area 7,200 SF
Lot 0.21 ac (9,000 SF)
Zoning code M1-1
APN 07947-0013
UPID US63-5941081
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
  • Celestial Church of Christ Church
  • Pure Water Main & Sewers Inc Water Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
by Request
Comparable Approach Comparable
$636k
Blend (final) Blend
$660k
Owner & transaction history
E 51 Management Realty LLC · 5 yrs held
E 51 Management Realty LLC
since 2021
Last sale
$585,000
5 recorded transactions
2021
Price N/A
2020
Price N/A
2017
$585,000
2017
$1,000
2004
Price N/A
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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