750-752 4Th AveBrooklyn, NY 11232

Property Details for 750-752 4Th Ave

Year built

1960

Lot size

0.16 AC

Property size (Sq ft)

14,200 SF

Zone code

M12D

Property type

Warehouses

APN

00651-0036

APU

6510036

Description

This exceptional 11,000-square-foot industrial property, located at 750-752 4th Avenue in Brooklyn, NY 11232, presents a unique investment opportunity. The single-tenant building boasts 4,000 square feet of newly renovated flex space, ideal for a variety of uses. Recent improvements include new subflooring, framing, structural work, and electrical upgrades, all completed under an existing work permit. The space features 12-foot ceilings, providing ample vertical clearance. Situated in the thriving Greenwood Heights neighborhood, this property benefits from its prime location on 4th Avenue, bordering Sunset Park and Park Slope. Its proximity to the 25th Street R subway entrance and the BQE on-ramp ensures excellent accessibility. The area is home to successful commercial developments like Industry City and Liberty View Plaza, further enhancing its appeal. The property is offered with a triple-net lease, meaning the tenant is responsible for utilities and property taxes. Furthermore, the landlord has applied for a 25-year ICIP tax abatement, offering significant long-term cost savings. This versatile space is perfect for various businesses, including gyms, medical facilities, offices, and daycare centers. Don't miss this chance to acquire a well-located, newly renovated industrial property in a rapidly growing Brooklyn neighborhood.

• Alternative Use

  Use

  Valuation

  Residential

  $2,687,196

  Hospitality

  $2,461,456

  Educational

  $2,047,903

  Medical

  $2,118,334

  Retail

  $3,185,627

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.661

Longitude

-73.998

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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