A

20 Van Dam Street

Greenpoint NY, 11222

$6,588,000


A

Commercial

Built in 1931

Calling All Investors, Developers & End-Users!!! HUGE 17,790 Sqft. Industrial Building With Gated Yard & Private Driveway For Sale!!! The Property Features Great Exposure, Excellent Signage, 12 Parking Spaces, Strong M3-1 Zoning, High 12' Ceilings, Freight Elevator, Basement With 10' Ceilings, Separate Small Building In Rear Yard, Loading Dock, Sprinklers, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Situated In The Heart Of Greenpoint Just A Few Blocks From The BQE (I-278)!!! The Property Was Previously Home To A Successful Furniture Manufacturer!!! Neighbors Include Starbucks, Hilton Hotels, FedEx, The Home Depot, P.C. Richard & Son, National Grid, Dunkin', CVS, Staples, McDonald's, Pep Boys, Auto Zone, Restaurant Depot, Crunch Fitness, Blink Fitness, Key Food, Wendy's, Dollar Tree, +++!!!!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Development Site / The Next Home For Your Business!!! The Building Can Also Be Leased For Only $30 Per Sqft. NNN!!! Income: First Floor (6,500 Sqft.): $195,000 Ann. NNN. (Available) Second Floor (5,700 Sqft.): $171,000 Ann. NNN. (Available) LL + Rear Building (5,590 Sqft.): $167,700 Ann. NNN. (Available) Driveway: $28,800 Ann. (Available) Pro Forma Gross Income: $562,500 Ann. Expenses: Insurance: $3,823 Ann. Taxes: $46,532.08 Ann. Total Expenses: $52,538.08 Ann. Net Operating Income (NOI): $512,144.92 Ann. (Pro Forma 7.77 Cap!!!)

3481020

MLS ID

May 26, 2023

Listed

May 9, 2024

Updated

Map

20 Van Dam Street
Greenpoint NY, 11222

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.16 Acres

Other Property Details

Taxes

$46,532


Tax Frequency

Annually


Garage

No


View

No


County

Brooklyn


Municipality

Brooklyn


Pool

No

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rosemarie Tucker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 8:30 AM UTC, 5/9/2024

  

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