972 Dean StBrooklyn, NY 11238

Property Details for 972 Dean St

Property size (Sq ft)

18,400 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

Description

This exceptional value-add investment opportunity presents a vacant, 18,400-square-foot industrial manufacturing building situated at 972 Dean Street in Brooklyn's Crown Heights neighborhood. The property, priced at $5,000,000, boasts a compelling 6.00% cap rate and a price per square foot of $353. Ideal for redevelopment or repositioning, this three-story structure offers significant potential for future income generation. Located between Classon and Franklin Avenues, the building features 54 feet of street frontage on a 120-foot lot, providing excellent visibility and accessibility. The building's dimensions are 54 feet by 115 feet. Currently vacant, this single-unit property presents a blank canvas for a wide range of industrial uses. Its prime location in a rapidly developing area of Brooklyn makes it an attractive investment for both seasoned and emerging developers seeking a high-return opportunity in the New York City market. The property's size and location offer substantial upside potential for future appreciation. This is a rare chance to acquire a substantial industrial asset in a highly sought-after Brooklyn neighborhood. The property is located in Kings County, New York, with a zip code of 11238.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6778

Longitude

-73.958

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