Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 245 48th Street, a single-story industrial property located between 2nd and 3rd Avenue in the Sunset Park section of Brooklyn, New York. The subject property is built full on a 77 ft x 100 ft lot and has approved plans to develop an additional 15,000 SF on top of the existing structure. (Block: 00763 Lot: 0062). The building totals 7,700 gross square feet on the ground floor and has an additional 2,500 square feet of mezzanine offices. Currently the property is owner occupied and will be delivered vacant at the time of the sale.

245 48th Street is located four blocks away from the 45th Street R subway station, providing for an easy commute to Manhattan and Downtown Brooklyn. Owner-users, developers and investors have the opportunity to purchase a strategically located industrial property in the rapidly growing Sunset Park neighborhood. The purchaser can capitalize on the close proximity to public transportation and take advantage of the rising rents and sale prices in the area.