335-347 38Th StBrooklyn, NY 11232

For Sale
$6,800,000

12,742 SF, Sunset Park, $6.8M

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Sunset Park, Brooklyn property offers 12,742 square feet of combined office and warehouse space, currently vacant. Located at 335-347 38th Street, this single-story building sits on a 10,040 square foot lot boasting over 100 feet of street frontage with three curb cuts and roll-down gates. The flexible M1-2 zoning (2.0 FAR/4.8 CF FAR) allows for significant development potential, up to 48,200 buildable square feet, accommodating various commercial and light manufacturing uses. The property benefits from its prime location adjacent to Industry City, a thriving business hub with over 550 businesses. Excellent accessibility is ensured by proximity to the I-278 (Gowanus Expy) and the 36th Street (D, N, Q, R, W) subway station. This presents a unique opportunity for both end-users seeking a dynamic location and developers looking to capitalize on the available air rights and build a new project in this rapidly evolving commercial area. Annual property taxes (2023/2024) are $73,892. The asking price is $6,800,000.

Highlights

  • 100 feet of street frontage.
  • M1-2 zoning with a 2.0 FAR and 4.8 CFAR.
  • $73,892 annual property taxes (Tax Class 4, 2023/2024).
  • Two blocks from 36th Street.

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6540696
Longitude
-74.0065638
335-347 38Th St, Brooklyn, New York

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335-347 38Th St
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