4312 2Nd AveBrooklyn, NY 11232

Property Details for 4312 2Nd Ave

Year built

1917

Lot size

3.22 AC

Property size (Sq ft)

581,250 SF

Zone code

M3-1

Property type

Warehouses

APN

00726-0001

APU

7260001

Description

This exceptional Sunset Park industrial property, located at 4312 2nd Avenue, offers 200,000 square feet of flexible space for lease. The property is zoned M3-1 and features five available suites, ranging from 8,500 to 85,000 contiguous square feet. Building highlights include 41 interior loading docks, a large staging area, and six freight elevators with capacities from 7,500 to 15,000 lbs (8'x8'), along with two passenger elevators. The high ceilings measure 14'2", and the space boasts heavy electrical power, energy-efficient double-pane windows, newly renovated bathrooms, abundant natural light, and a fully sprinklered system. Enjoy prime BQE exposure and stunning Manhattan skyline views. This property is ideal for businesses seeking a versatile and well-equipped industrial space in a highly desirable location. The APN is 726-1. The minimum divisible space is 8,500 square feet, with a maximum contiguous space of 85,000 square feet. Currently, 199,500 square feet is vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $214,421,000

  6.5%

  $197,927,000

  7%

  $183,789,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $121,514,000

  Geo Method

  $121,514,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $101,496,000

  Mixed-Use / Specialty

  $101,134,000

  Hospitality / Lodging

  $74,198,900

  Office

  $100,533,000

  Institutional / Educational

  $105,139,000

  Residential Income

  $123,012,000

  Multifamily

  $147,534,000

  Automotive / Energy

  $90,118,900

  Parking / Income-Based Land

  $31,098,900

  Restaurant / Food Service

  $52,600,600

  Healthcare / Senior Housing

  $103,711,000

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6534

Longitude

-74.0142

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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