Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 255 47th Street, a two-story industrial property located between 2nd and 3rd Avenue in the Sunset Park section of Brooklyn, NY. The subject property is built full on a 100 ft x 100.17 ft lot and has M1-2D zoning allowing for an additional 2,000 buildable square feet as-of-right (Block: 00754 Lot: 0052). The building features high ceilings throughout and a 8,000-pound, four-pallet capacity freight elevator. The building totals 18,000 square feet spread across two levels. The ground floor totals 10,000 square feet with 9,000 square feet of warehouse space and 1,000 square feet of executive office space (approximately), while the second-floor features 8,000 square feet of warehouse space a 2,000 square feet of outdoor terrace space. 255 47th 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 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.