173 Woodpoint RdBrooklyn, NY 11211

Property Details for 173 Woodpoint Rd

Year built

1930

Lot size

0.13 AC

Property size (Sq ft)

6,825 SF

Zone code

R6B

Property type

Warehouses

APN

02884-0006

APU

28840006

Description

This exceptional East Williamsburg industrial property at 173 Woodpoint Road offers 6,000 square feet of flexible space, ideal for manufacturing, warehousing, distribution, or R&D. The single-tenant building boasts high ceilings, abundant natural light from large windows, and a prime location near the L train (Grand Street and Montrose Avenue stops). Its convenient access to major transportation routes and proximity to thriving local businesses and amenities make it an attractive option. The well-maintained building features modern facilities, ensuring a secure and efficient workspace. This property presents a unique opportunity to establish or expand your business in a dynamic Brooklyn neighborhood. The space is adaptable to various needs, offering ample room for storage, production, or research and development activities. Its strategic location provides easy access to both local resources and broader transportation networks, enhancing operational efficiency and logistical ease. The building's modern facilities and secure environment contribute to a productive and safe working environment. This is an exceptional opportunity to secure a well-located and versatile industrial space in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,517,720

  6.5%

  $2,324,050

  7%

  $2,158,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,426,810

  Geo Method

  $1,426,810

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,191,760

  Mixed-Use / Specialty

  $1,187,510

  Hospitality / Lodging

  $871,238

  Office

  $1,180,460

  Institutional / Educational

  $1,234,530

  Residential Income

  $1,444,400

  Multifamily

  $1,732,340

  Automotive / Energy

  $1,058,170

  Parking / Income-Based Land

  $365,162

  Restaurant / Food Service

  $617,633

  Healthcare / Senior Housing

  $1,217,770

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7167

Longitude

-73.9417

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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