Warehouse

168 Van Dyke St

168 Van Dyke St, Brooklyn, NY 11231

Listing Price: $11,500,000

Cap Rate
1.00%
Gross SF
45,275
Price/Gross SF
$254.00
Lot Size
0.58 acres
Year Built
1956
Rentable SF
45,275

Investment Overview

Marcus & Millichap has been retained to exclusively arrange the sale of 168 Van Dyke Street, a multi-story 45,275 square foot industrial building located on Van Dyke Street in between Ferris Street and Conover Street in the Red Hook section of Brooklyn, New York. The subject property is built full on a 196 ft x 200-foot irregular, M1-1 zoned lot (Block: 596 Lot: 12). The property consists of 25,550 square feet of ground floor warehouse space and 19,725 square feet of usable below grade space. The ground floor features 13 to 20-foot ceilings and the basement has 9-foot ceilings. The building features over 195 feet of frontage on Van Dyke Street and over 58 feet of frontage on Coffey Street. The property is fitted with two large roll-up gates on Van Dyke Street and two large gates on Coffey Street. The property will be delivered vacant at closing. 168 Van Dyke Street is ideally located in the Red Hook waterfront adjacent to Valentino Park and the Liberty Warehouse. The property is also in close vicinity to Brooklyn Crab, Hometown BBQ, Widow Jane, Sunny’s Bar and the Red Hook Winery. The building is in a qualified opportunity zone and the Southwest Brooklyn IBZ District. The property is located outside of any FEMA flood zone allowing the entire property including the basement to stay dry during Hurricane Sandy. 168 Van Dyke Street offers owner-users and investors the opportunity to purchase a strategically located waterfront industrial property in the rapidly developing Red Hook section of Brooklyn.

Investment Highlights

  • Block-through 45,275 Square Foot Commercial Building in Red Hook
  • 25,550 Square Feet Above Grade with Ceiling Height Ranging from 13' to 20' and a Fully Usable 19,725 Square Feet Below Grade with 9' Ceilings and Ramps Connecting Both Levels
  • Strong Local Demand for Office, Industrial, Retail and Artist Space
  • Commercial Rents Reaching $25/SF - $35/SF
  • 195 Feet of Frontage on Van Dyke Street and 58 Feet on Coffey Street
  • Located in a Qualified Opportunity Zone and the Southwest Brooklyn IBZ District
  • Outside of any FEMA Flood Zone Allowing the Entire Property Including the Basement to Stay Dry During Hurricane Sandy
  • M1-1 Zoning

Exclusively Listed By

Listing Price: $11,500,000

Cap Rate
1.00%
Gross SF
45,275
Price/Gross SF
$254.00
Lot Size
0.58 acres
Year Built
1956
Rentable SF
45,275

Investment Highlights

  • Block-through 45,275 Square Foot Commercial Building in Red Hook
  • 25,550 Square Feet Above Grade with Ceiling Height Ranging from 13' to 20' and a Fully Usable 19,725 Square Feet Below Grade with 9' Ceilings and Ramps Connecting Both Levels
  • Strong Local Demand for Office, Industrial, Retail and Artist Space
  • Commercial Rents Reaching $25/SF - $35/SF
  • 195 Feet of Frontage on Van Dyke Street and 58 Feet on Coffey Street
  • Located in a Qualified Opportunity Zone and the Southwest Brooklyn IBZ District
  • Outside of any FEMA Flood Zone Allowing the Entire Property Including the Basement to Stay Dry During Hurricane Sandy
  • M1-1 Zoning

Investment Overview

Marcus & Millichap has been retained to exclusively arrange the sale of 168 Van Dyke Street, a multi-story 45,275 square foot industrial building located on Van Dyke Street in between Ferris Street and Conover Street in the Red Hook section of Brooklyn, New York. The subject property is built full on a 196 ft x 200-foot irregular, M1-1 zoned lot (Block: 596 Lot: 12). The property consists of 25,550 square feet of ground floor warehouse space and 19,725 square feet of usable below grade space. The ground floor features 13 to 20-foot ceilings and the basement has 9-foot ceilings. The building features over 195 feet of frontage on Van Dyke Street and over 58 feet of frontage on Coffey Street. The property is fitted with two large roll-up gates on Van Dyke Street and two large gates on Coffey Street. The property will be delivered vacant at closing. 168 Van Dyke Street is ideally located in the Red Hook waterfront adjacent to Valentino Park and the Liberty Warehouse. The property is also in close vicinity to Brooklyn Crab, Hometown BBQ, Widow Jane, Sunny’s Bar and the Red Hook Winery. The building is in a qualified opportunity zone and the Southwest Brooklyn IBZ District. The property is located outside of any FEMA flood zone allowing the entire property including the basement to stay dry during Hurricane Sandy. 168 Van Dyke Street offers owner-users and investors the opportunity to purchase a strategically located waterfront industrial property in the rapidly developing Red Hook section of Brooklyn.

Exclusively Listed By

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