1177 Flushing AveBrooklyn, NY 11237

  • Manufacturing properties
  • 83,636 SF

Property Details for 1177 Flushing Ave

Year built
1964
Lot size
2.30 AC
Property size (Sq ft)
83,636 SF
Zone code
M1-2
Property type
Manufacturing properties
APN
02994-0090
APU
29940090

Description

This exceptional 28,000-square-foot industrial property, located at 1177 Flushing Avenue in East Williamsburg, Brooklyn, presents a significant opportunity for a single tenant. The building is zoned R6 and situated in Kings County, New York (zip code 11237). The entire space is currently vacant and ready for immediate occupancy. Boasting a substantial 20-foot ceiling height, this property is ideally suited for a variety of light industrial uses, including manufacturing, wholesale operations, and storage. Its prime location on heavily trafficked Flushing Avenue ensures excellent visibility and accessibility, making it an attractive option for businesses seeking a strategic presence in this vibrant Brooklyn neighborhood. The property's single-tenant occupancy offers the advantage of complete control and customization. With its ample square footage and desirable features, this industrial space represents a rare find in a highly sought-after area. Serious inquiries are encouraged to explore the potential of this exceptional property. The property is classified as a manufacturing space within the industrial property type.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $15,827,202
    Hospitality
    $14,497,632
    Educational
    $12,061,860
    Medical
    $12,476,686
    Retail
    $18,762,894

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.7064
Longitude
-73.9262
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
$324,268
$1,530,000
$2,159,550
$3,689,550
-
$3,400,000
$4,799,000
$8,199,000

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