2068 14Th StBrooklyn, NY 11229

Property Details for 2068 14Th St

Year built

2019

Lot size

0.11 AC

Property size (Sq ft)

14,336 SF

Zone code

R5

Property type

Office buildings

APN

07318-0037

APU

73180037

Description

This exceptional 3,000 square foot industrial space, located at 2068 East 14th Street in Kings County (Brooklyn), is a newly constructed single-tenant warehouse and manufacturing facility built in 2023. The property features a massive basement area ideal for a variety of commercial uses. Its single-suite layout offers efficiency and streamlined operations. The building boasts a brand new elevator, significantly enhancing accessibility and functionality. This property is perfectly suited for businesses requiring ample space and modern amenities. The location offers convenient access to public transportation, with the Avenue U (Q Line) subway station just 0.2 miles away, ensuring easy commutes for employees and clients. This is a rare opportunity to secure a pristine, modern industrial space in a thriving Brooklyn location. The property is classified as Industrial, Retail, and Special Purpose, offering versatility for a range of businesses. The building's size and features make it an attractive option for companies seeking to establish or expand their operations in a strategic and well-connected area of Brooklyn. This is a single-tenant space, providing privacy and control over the entire facility.

• CAP approach

  CAP return

  Valuation

  6%

  $2,370,169

  6.5%

  $2,187,848

  7%

  $2,031,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,873,142

  Geo Method

  $1,873,142

• Alternative Use

  Use

  Valuation

  Residential

  $2,712,932

  Hospitality

  $2,485,031

  Educational

  $2,067,517

  Medical

  $2,138,622

  Retail

  $3,216,137

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5992

Longitude

-73.9577

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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