Office Warehouse

529 Sutter Ave

529 Sutter Ave, Brooklyn, NY 11207

Listing Price: $6,100,000

Cap Rate
5.22%
Gross SF
30,838
Price/Gross SF
$197.81
Lot Size
0.43 acres
Rentable SF
30,838

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 529 Sutter Avenue (aka 251 Hinsdale Street), located on the corner of Sutter Avenue and Hinsdale Street in the East New York Industrial Business Zone of Brooklyn. The subject property is a two-story facility built on an irregular 17,000 square foot M1-4 zoned lot, with 29,200 square feet of usable floor space, and an additional 1,638 square foot lot (282 Williams Avenue), totaling 30,838 square feet of leasable space. The property is fully leased and occupied by six tenants.

529 Sutter Avenue is just three blocks from the Sutter Avenue L subway station, and offers easy access to Linden Boulevard (Route 27), Atlantic Avenue, and East New York Avenue. It falls within a Qualified Opportunity Zone. ICIP for 529Sutter Ave took effect on 2008/2009 and continues for 25 years.

529 Sutter Avenue offers investors the opportunity to purchase a turn-key, fully occupied cash-flowing asset in a rapidly developing area of New York City.

Investment Highlights

  • 30,838 Square Feet of Leasable Space
  • Fully Leased and Occupied by Six Tenants
  • In a Qualified Opportunity Zone
  • M1-4 Zoned
  • 25 Year ICIP Took Effect in 2008/2009
  • In A Rapidly Developing Area Of New York City

Exclusively Listed By

Listing Price: $6,100,000

Cap Rate
5.22%
Gross SF
30,838
Price/Gross SF
$197.81
Lot Size
0.43 acres
Rentable SF
30,838

Investment Highlights

  • 30,838 Square Feet of Leasable Space
  • Fully Leased and Occupied by Six Tenants
  • In a Qualified Opportunity Zone
  • M1-4 Zoned
  • 25 Year ICIP Took Effect in 2008/2009
  • In A Rapidly Developing Area Of New York City

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 529 Sutter Avenue (aka 251 Hinsdale Street), located on the corner of Sutter Avenue and Hinsdale Street in the East New York Industrial Business Zone of Brooklyn. The subject property is a two-story facility built on an irregular 17,000 square foot M1-4 zoned lot, with 29,200 square feet of usable floor space, and an additional 1,638 square foot lot (282 Williams Avenue), totaling 30,838 square feet of leasable space. The property is fully leased and occupied by six tenants.

529 Sutter Avenue is just three blocks from the Sutter Avenue L subway station, and offers easy access to Linden Boulevard (Route 27), Atlantic Avenue, and East New York Avenue. It falls within a Qualified Opportunity Zone. ICIP for 529Sutter Ave took effect on 2008/2009 and continues for 25 years.

529 Sutter Avenue offers investors the opportunity to purchase a turn-key, fully occupied cash-flowing asset in a rapidly developing area of New York City.

Exclusively Listed By

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