Coldwell Banker Reliable Commercial Division is pleased to announce a 88,000 buildable square footage development opportunity in the East New York section of Brooklyn, NY. The site includes a 44,000 square foot lot, including a 36,000 square foot industrial warehouse. The owner will contribute the land at a $9,325,000 value, the partner will be responsible for development expenses. Upon completion of the project, the owner and partner will recover their initial investments. Thereafter, profits will be split 50% / 50%.

Property Type: Industrial
Year Built: 1931
Level Number: 1
Lot Dimensions: 400 x 120
Max Continuous Area: 33,900
Min Divisible Area: 33,900
Sub-Lease: 2
Zoning: M1-1
Listing ID: E9FSBJ
Additional MLS: 428270
Style: Warehouse
Building Size: 33,900 SF
Lot Size: 44000 SF
Available Date: Mar 21st, 2019
Taxes: $58,106
Area Description

Region: United States

Region: Brooklyn

Region: East New York

Region: New York

Property Features
Location Name: East New York
Fee 1 Type: Insurance
Fee 1 Frequency: Annual
Fee 1 Amount: $19,202
Fee 2 Type: Est Water/Sewer
Fee 2 Frequency: Annual
Fee 2 Amount: $82,296
Cooling: Central A/C
Road Type: City / Town Street
Exterior Description: Brick
Heating - Fuel Type: Gas
Area Description: Metropolitan
Roof: Rubber
Additional Media Area Demographics