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