246 SEIGEL STREET

For Sale - Brooklyn - Williamsburg

$6,000,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Industrial
Neighborhood
Williamsburg
Property Dimensions
50.0 x 100.0
Property Area
12,000 sq.ft.
Total Units:
1
Stories:
2
NOI
Contact Agent
Price
$6,000,000
Price Per Unit
$6,000,000
Cap Rate
-%

Listing Description

JLL has been retained on an exclusive basis to arrange for the sale of a 12,000 sqft commercial building with a 2,983 sqft yard in Williamsburg, Brooklyn. 

BUILDING INFORMATION
The current building spans 10,000 SF with an additional 2,000 sqft of mezzanine space. The lot spans 8,650 sqft and is zoned M1-2 offering 17,100 buildable square feet. The building comprises two loading docks and also includes a 2,983 sqft lot with a roll-up gate all of which benefit from curb cuts along the frontage. 

VACANT DELIVERY
The property will be delivered vacant and currently consists of three offices that can be combined or partitioned for multiple uses. Each office is available for immediate occupancy upon possession. 

TRANSIT ORIENTED
Just one block from the Morgan Avenue L subway and close proximity to the Flushing Street J & M, the property enjoys quick proximity to Manhattan within 15 minutes.
The Property is also served by buses including the B57 on Flushing Avenue and the B60 on Morgan Avenue for connections throughout Brooklyn.

TAX BENEFITS
246 Seigel Street could be eligible for an ICAP abatement and the REAP benefit.

THRIVING RETAIL
Immediate area is a popular destination for tourists and locals alike with hotels in the area, nationally recognized brand name retailers and dozens of popular restaurants, bars and nightlife hotspots.

Property Details

Block/Lot:
3100/41
Lot Dimensions
85.5 x 100.0
Lot Area
8,550 sq.ft
Zoning:
M1-2
FAR as Built:
1.17
Max FAR:
4.8
Brendan MaddiganJLL
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
62 THROOP AVENUE$1,950,00006/26/2018Industrial
89 NORTH 4TH STREET$4,000,00006/12/2018Industrial
173 CONSELYEA STREET$2,400,00006/07/2018Industrial
154 SCOTT AVENUE$10,000,00005/18/2018Industrial
180 MORGAN AVENUE$6,850,00004/25/2018Industrial
681 FLUSHING AVENUE$1,500,00004/18/2018Industrial
187 MOORE STREET$2,300,00004/02/2018Industrial
738 GRAND STREET$3,325,00003/23/2018Industrial
215 NORTH 10TH STREET$25,000,00003/08/2018Industrial
94 INGRAHAM STREET$3,000,00002/01/2018Industrial