12041 Flatlands AveBrooklyn, NY 11207

Property Details for 12041 Flatlands Ave

Year built

1950

Lot size

0.17 AC

Property size (Sq ft)

2,100 SF

Zone code

M1-1

Property type

Automotive properties

APN

04409-0029

APU

44090029

Description

This exceptional 20,000 square foot industrial property, located at 12041 Flatlands Avenue in Brooklyn, New York, presents a significant opportunity for owner-users. Situated on a 20,000 square foot lot, this single-story building boasts a versatile M1-1 zoning designation, ideal for distribution, manufacturing, or warehouse operations. The property is currently vacant, offering immediate occupancy for a discerning buyer. The single-unit structure provides ample space for various industrial uses, with the potential for customization to meet specific business needs. Its convenient location in Kings County, New York, with a zip code of 11207, offers easy access to major transportation arteries, facilitating efficient logistics and distribution. This is a rare opportunity to acquire a substantial industrial property in a prime Brooklyn location, perfectly suited for businesses seeking a functional and strategically located space to expand or establish their operations. The property's size and zoning make it a highly attractive investment for those seeking a significant footprint in a thriving commercial area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $510,373

  6.5%

  $471,114

  7%

  $437,463

• Comparable approach

  Method

  Valuation

  Relative Method

  $691,453

  Geo Method

  $691,453

• Alternative Use

  Use

  Valuation

  Residential

  $397,402

  Hospitality

  $364,018

  Educational

  $302,859

  Medical

  $313,275

  Retail

  $471,114

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6518

Longitude

-73.8892

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].