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Vacant-User

221-241 Glenmore Ave & 97-99 Snediker Ave

221-241 Glenmore Avenue, Brooklyn, NY 11207

Listing Price: $11,250,000

Gross SF
43,830
Price/Gross SF
$256.67
Lot Size
1.05 acres
Year Built
1922
Rentable SF
43,830

Investment Overview

Marcus & Millichap has been retained exclusively by ownership to arrange the sale of 221-241 Glenmore Avenue in Brooklyn, New York. 221-241 Glenmore Avenue is an industrial building located within the Industrial Business Zone of East New York, Brooklyn. The subject property is comprised of 221-241 Glenmore Avenue, two adjacent industrial manufacturing facilities totaling 38,380 square feet (including 5,000 square feet of 2nd floor office), and 97-99 Snediker Avenue, two adjacent parking lots across the street that total 5,000 square feet. The gross square footage of the portfolio is 43,830 square feet. The total lot square footage is 40,854. The subject property is entirely M1-4 zoned. The building features open, mostly uninterrupted 33,830 square feet of factory/warehouse space, with approximately 16-18 foot ceiling clearance throughout, recently slabbed floors, and minimal to no deferred maintenance. A single industrial tenant occupies 3,000 square feet of the building, paying $3,500 per month with 5% annual escalations. The tenant is responsible for their own utilities. The lease expires January 2026. The lease can be terminated upon sale with 90 days written notice to the tenant. The subject property is located two blocks away from the Atlantic Avenue & Sutter Avenue subway stations, both serviced by the L line, and is also within proximity to the "A", "C", "J", and "Z" lines. A 7-minute drive from Route 27, the subject property is strategically located for access to highways and public transportation. This provides for easy access to JFK Airport, a 16-minute drive from the subject property.

Investment Highlights

  • Sizeable, Turn-Key Industrial Facility Totaling 43,830 SF of Leasable Space
  • 33,380 SF of Factory Floor Space, 5,000 SF of 2nd Floor Office, and 5,000 SF of Off-Site Lot Space
  • Largely Uninterrupted, Contiguous Space with 16-18 Foot Clearances and Minimal to No Deferred Maintenance
  • Two Blocks from the Atlantic Ave & Sutter Ave "L" Train
  • Within Proximity to the "A", "C", "J", & "Z" Trains
  • 16 Minute Drive from JFK Airport

Exclusively Listed By

Financing By

Vacant-User

221-241 Glenmore Ave & 97-99 Snediker Ave

Listing Price: $11,250,000

Gross SF
43,830
Price/Gross SF
$256.67
Lot Size
1.05 acres
Year Built
1922
Rentable SF
43,830

Investment Highlights

  • Sizeable, Turn-Key Industrial Facility Totaling 43,830 SF of Leasable Space
  • 33,380 SF of Factory Floor Space, 5,000 SF of 2nd Floor Office, and 5,000 SF of Off-Site Lot Space
  • Largely Uninterrupted, Contiguous Space with 16-18 Foot Clearances and Minimal to No Deferred Maintenance
  • Two Blocks from the Atlantic Ave & Sutter Ave "L" Train
  • Within Proximity to the "A", "C", "J", & "Z" Trains
  • 16 Minute Drive from JFK Airport

Investment Overview

Marcus & Millichap has been retained exclusively by ownership to arrange the sale of 221-241 Glenmore Avenue in Brooklyn, New York. 221-241 Glenmore Avenue is an industrial building located within the Industrial Business Zone of East New York, Brooklyn. The subject property is comprised of 221-241 Glenmore Avenue, two adjacent industrial manufacturing facilities totaling 38,380 square feet (including 5,000 square feet of 2nd floor office), and 97-99 Snediker Avenue, two adjacent parking lots across the street that total 5,000 square feet. The gross square footage of the portfolio is 43,830 square feet. The total lot square footage is 40,854. The subject property is entirely M1-4 zoned. The building features open, mostly uninterrupted 33,830 square feet of factory/warehouse space, with approximately 16-18 foot ceiling clearance throughout, recently slabbed floors, and minimal to no deferred maintenance. A single industrial tenant occupies 3,000 square feet of the building, paying $3,500 per month with 5% annual escalations. The tenant is responsible for their own utilities. The lease expires January 2026. The lease can be terminated upon sale with 90 days written notice to the tenant. The subject property is located two blocks away from the Atlantic Avenue & Sutter Avenue subway stations, both serviced by the L line, and is also within proximity to the "A", "C", "J", and "Z" lines. A 7-minute drive from Route 27, the subject property is strategically located for access to highways and public transportation. This provides for easy access to JFK Airport, a 16-minute drive from the subject property.

Exclusively Listed By

Financing By

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