4401 2Nd AveBrooklyn, NY 11232

Property Details for 4401 2Nd Ave

Year built

1913

Lot size

0.46 AC

Property size (Sq ft)

25,500 SF

Zone code

M12D

Property type

Industrial properties

APN

00736-0001

APU

7360001

Description

This exceptional industrial property, located at 4401 2nd Avenue in Brooklyn, NY 11232, presents a significant investment opportunity. The vacant warehouse boasts a substantial 56,423 square feet of space above grade, plus an additional approximately 6,000 square feet of below-grade area. The building, constructed in 1913, features a commanding presence with 489 feet of wraparound frontage encompassing the entire end of the block. This includes 200 feet on 2nd Avenue, 185 feet on 44th Street, and 104 feet on 45th Street. Convenient loading access is provided by seven 11-foot roll-up gates and two 16-foot drive-in bays. Two freight elevators further enhance operational efficiency. The property is ideally situated in the prime Sunset Park neighborhood, just blocks from Industry City and the D, N, and R subway lines. The existing building offers significant development potential. Under community facility development guidelines, the maximum floor area ratio (FAR) could increase to 4.80, allowing for a total buildable area of 138,912 square feet. The asking price for this two-unit warehouse is $22,590,000, translating to $407 per square foot. This property is priced to sell and represents a rare opportunity to acquire a large-scale industrial asset in a rapidly developing area.

• Alternative Use

  Use

  Valuation

  Residential

  $4,825,598

  Hospitality

  $4,420,222

  Educational

  $3,677,572

  Medical

  $3,804,050

  Retail

  $5,720,668

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.652

Longitude

-74.0135

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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