5115 Farragut RdBrooklyn, NY 11203

  • Warehouses
  • 5,500 SF

Property Details for 5115 Farragut Rd

Year built
1973
Lot size
0.13 AC
Property size (Sq ft)
5,500 SF
Zone code
M1-1
Property type
Warehouses
APN
07947-0001
APU
79470001

Description

This exceptional 5,700 square foot industrial property, located at 5115 Farragut Road in Brooklyn, New York (zip code 11203), presents a unique owner-user opportunity. The single-story building boasts 16-foot clear ceilings and is situated on a 5,700 square foot lot. Two 14-foot-high automatic overhead doors provide convenient access for loading and unloading. The property benefits from excellent street frontage, offering approximately 100 feet of visibility on Farragut Road. Its strategic location places it in close proximity to major thoroughfares including Kings Highway, Utica Avenue, and Foster Avenue, ensuring easy access to transportation networks and key areas of Brooklyn. The property is zoned M1-1, allowing for a variety of industrial and manufacturing uses. This versatile space is perfect for businesses seeking a functional and well-located industrial facility. The property's size and features make it an attractive option for a range of industrial and manufacturing operations. The convenient location and ample street frontage offer significant advantages for businesses seeking high visibility and easy access. This is a rare opportunity to acquire a well-positioned industrial property in a thriving Brooklyn neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,040,815
    Hospitality
    $953,381
    Educational
    $793,202
    Medical
    $820,481
    Retail
    $1,233,870

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6381
Longitude
-73.9273
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$20,782
$45,900
$178,200
$224,100
-
$102,000
$396,000
$498,000

FAQs

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