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Warehouse

190 Morgan Ave

190 Morgan Ave, Brooklyn, NY 11237

Listing Price: $5,000,000

Gross SF
11,810
Price/Gross SF
$423.37
Lot Size
0.33 acres
Year Built
1969
Rentable SF
11,810

Investment Overview

Marcus and Millichap has been retained on an exclusive basis to arrange the sale of 190 Morgan Avenue, located along the Newtown Creek in the East Williamsburg neighborhood of Brooklyn, New York. The subject property is a 11,810 SF building, with a footprint of 10,335 SF, standing on a 99.17 ft x 150 ft, M3-1 zoned, irregularly shaped lot, totaling 14,495 Square Feet (Block/Lot: 02942-0221). 190 Morgan Avenue is located within a Federally Designated Opportunity Zone, as well as The North Brooklyn Industrial Business Zone. The building features 100 linear feet along The Newtown Creek, a 4,000 Square Foot exterior rear lot, 24’ high ceilings and no columns. It is also fitted with one large roll-up front gate (20’ high by 12’ wide), as well as two rear drive-through gates. The property will be delivered vacant at closing. 190 Morgan Avenue offers owner-users and investors alike, the unique opportunity to purchase a strategically located, pristine warehouse, with 11,800 square feet of existing space, and an additional 17,000 square feet of air rights. It is within a Federally Designated Opportunity Zone, on highly trafficked Morgan Avenue, and within the N. Brooklyn IBZ. The buyer will be able to capitalize on the asset’s ideal location for easy truck access and delivery into all boroughs via I-278, commanding strong industrial rents and enjoying some of the highest industrial property values in all of New York City.

Investment Highlights

  • Investor or Owner-User Opportunity in East Williamsburg
  • Twenty-Four Foot (24') Ceilings, No Columns
  • Features Three Phase Power, One Large Roll-Up Gate (20' High by 12' Wide)
  • Strategically Located in a Federally Designated Opportunity Zone, on Highly Trafficked Morgan Avenue, and in the N. Brooklyn IBZ
  • Close Proximity and Easy Access to BQE, LIE, Pulaski Bridge, Midtown Tunnel, & 59th Street Bridge
  • Four Thousand Square Feet (4,000 Sq Ft) of Outdoor Storage Space
  • Two Thousand Eight Hundred Square Feet (2,800 Sq Ft) of Recently Constructed Offices, Including a Kitchen, Three Bathrooms with Two Showers
  • One Hundred Linear Feet (100') along The Newtown Creek

Exclusively Listed By

Listing Price: $5,000,000

Gross SF
11,810
Price/Gross SF
$423.37
Lot Size
0.33 acres
Year Built
1969
Rentable SF
11,810

Investment Highlights

  • Investor or Owner-User Opportunity in East Williamsburg
  • Twenty-Four Foot (24') Ceilings, No Columns
  • Features Three Phase Power, One Large Roll-Up Gate (20' High by 12' Wide)
  • Strategically Located in a Federally Designated Opportunity Zone, on Highly Trafficked Morgan Avenue, and in the N. Brooklyn IBZ
  • Close Proximity and Easy Access to BQE, LIE, Pulaski Bridge, Midtown Tunnel, & 59th Street Bridge
  • Four Thousand Square Feet (4,000 Sq Ft) of Outdoor Storage Space
  • Two Thousand Eight Hundred Square Feet (2,800 Sq Ft) of Recently Constructed Offices, Including a Kitchen, Three Bathrooms with Two Showers
  • One Hundred Linear Feet (100') along The Newtown Creek

Investment Overview

Marcus and Millichap has been retained on an exclusive basis to arrange the sale of 190 Morgan Avenue, located along the Newtown Creek in the East Williamsburg neighborhood of Brooklyn, New York. The subject property is a 11,810 SF building, with a footprint of 10,335 SF, standing on a 99.17 ft x 150 ft, M3-1 zoned, irregularly shaped lot, totaling 14,495 Square Feet (Block/Lot: 02942-0221). 190 Morgan Avenue is located within a Federally Designated Opportunity Zone, as well as The North Brooklyn Industrial Business Zone. The building features 100 linear feet along The Newtown Creek, a 4,000 Square Foot exterior rear lot, 24’ high ceilings and no columns. It is also fitted with one large roll-up front gate (20’ high by 12’ wide), as well as two rear drive-through gates. The property will be delivered vacant at closing. 190 Morgan Avenue offers owner-users and investors alike, the unique opportunity to purchase a strategically located, pristine warehouse, with 11,800 square feet of existing space, and an additional 17,000 square feet of air rights. It is within a Federally Designated Opportunity Zone, on highly trafficked Morgan Avenue, and within the N. Brooklyn IBZ. The buyer will be able to capitalize on the asset’s ideal location for easy truck access and delivery into all boroughs via I-278, commanding strong industrial rents and enjoying some of the highest industrial property values in all of New York City.

Exclusively Listed By

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