688 Court StBrooklyn, NY 11231

Property Details for 688 Court St

Year built

1936

Lot size

3.62 AC

Property size (Sq ft)

15,000 SF

Zone code

M3-1

Property type

Warehouses

APN

00621-0001

APU

6210001

Description

This exceptional 3.7-acre (160,000 sq ft) industrial lot at 688 Court Street in Brooklyn's Red Hook neighborhood presents a unique leasing opportunity. Zoned M3-1, this single-tenant property boasts 605 linear feet of unobstructed frontage, accessible via two automatic gates on Court and Clinton Streets. Its strategic location offers unparalleled connectivity, situated at the intersection of major expressways (I-278, I-478) and NY State Route 27, providing easy access to all boroughs, New Jersey, Long Island, and NYC airports. The site is equipped with a robust 3,000-amp electrical service, ideal for businesses with significant power demands, including electric vehicle charging infrastructure. This expansive lot is perfect for tenants needing substantial fleet parking and seeking a strong Brooklyn presence. APN: 621-1, 34. Kings County, NY. Zip code 11231.

• CAP approach

  CAP return

  Valuation

  6%

  $5,533,440

  6.5%

  $5,107,790

  7%

  $4,742,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,135,840

  Geo Method

  $3,135,840

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,619,250

  Mixed-Use / Specialty

  $2,609,910

  Hospitality / Lodging

  $1,914,810

  Office

  $2,594,410

  Institutional / Educational

  $2,713,260

  Residential Income

  $3,174,510

  Multifamily

  $3,807,340

  Automotive / Energy

  $2,325,650

  Parking / Income-Based Land

  $802,553

  Restaurant / Food Service

  $1,357,440

  Healthcare / Senior Housing

  $2,676,420

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6698

Longitude

-74.003

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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