2300 69Th StBrooklyn, NY 11234

Property Details for 2300 69Th St

Lot size

0.46 AC

Zone code

M1-1

Property type

Retail properties

Property subtype

Auto shops

APN

08437-0049

APU

84370049

Description

This exceptional 109,838-square-foot industrial property in Kings County, NY, offers a unique opportunity for businesses seeking flexible space. The two-story building, zoned M1-1, features a total of 109,838 square feet, with divisible units ranging from 11,275 to a maximum contiguous 98,563 square feet. Currently, the entire 109,838 square feet is vacant and ready for immediate occupancy. The property boasts a substantial 98,563 square feet of land, providing ample space for parking, outdoor storage, or future expansion. Its location in the Beach section of Brooklyn offers convenient access to major transportation routes, making it an ideal location for businesses needing efficient logistics. The flexible layout is perfect for a variety of industrial uses, with the potential for integrating office space within the existing structure. This property presents a rare chance to secure a large, versatile industrial space in a prime Brooklyn location. The property's size and zoning make it suitable for a wide range of industrial and commercial uses. The substantial land area offers significant potential for future development or expansion. This is an exceptional opportunity for businesses seeking a strategic location with ample space and flexibility.

• CAP approach

  CAP return

  Valuation

  6%

  $4,821,326

  6.5%

  $4,450,456

  7%

  $4,132,566

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,531,924

  Geo Method

  $6,531,924

• Alternative Use

  Use

  Valuation

  Residential

  $3,754,126

  Hospitality

  $3,438,759

  Educational

  $2,861,007

  Medical

  $2,959,401

  Retail

  $4,450,456

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6162

Longitude

-73.9066

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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