For Sale
$5,000,000

471 20Th St Brooklyn, NY 11215

South Slope, 13,700 SF Warehouse, $5M

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional South Slope, Brooklyn investment opportunity presents two contiguous, owner-occupied warehouses totaling 13,700 square feet on a 13,700 square foot lot. Located on 20th Street between Prospect Park West and 8th Avenue, this fee-simple property offers significant potential for owner-users and investors alike. The buildings, situated on two M1-1 zoned lots (Block: 00888, Lot: 0052, 0050), measure 137 ft x 100 ft and benefit from convenient access to the Prospect Expressway, just one block away. The property's prime location within the rapidly revitalizing South Slope neighborhood, undergoing significant commercial and residential development since its 2005 rezoning, ensures strong potential for future appreciation. The proximity to the 15th Street - Prospect Park ("F,G") subway station (five blocks) further enhances its appeal. With a total asking price of $5,000,000, this represents a compelling price per square foot of $364.96, and a land value of $408.76 per square foot. Capitalize on rising industrial rents and a growing supply-demand imbalance in this thriving submarket. This is a rare chance to acquire contiguous warehouse buildings in a highly sought-after Brooklyn location.

Highlights

  • Prime South Slope commercial investment opportunity.
  • Two owner-occupied warehouses totaling 13,700 square feet.
  • One block from the Prospect Expressway.
  • Five blocks from the 15th Street - Prospect Park (F, G) subway station.

Property Details for 471 20Th St

Property type
Warehouses, Industrial properties
Square Feet
13,700 SF
Stories
1
Units
2

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6572411
Longitude
-73.9845181

FAQs

What type of property is this?
Warehouse - South Slope, 13,700 SF Warehouse, $5M
Where is the warehouse located?
The property is located at 471 20Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime South Slope commercial investment opportunity.; Two owner-occupied warehouses totaling 13,700 square feet.; One block from the Prospect Expressway.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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471 20Th St
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