• Property Address: 131-145 42nd Street
  • Property City: Brooklyn
  • Property State: NY
  • Property Zip Code: 11232
  • Property Type: Industrial
  • Property Sub-Type: Warehouse, Industrial Manufacturing
  • Sale Type: Investment
  • Price: $8,750,000
  • Highlights:
    • 10 minute walk to the subway, D N R trains
    • 3 Blocks from I-278 Exit 23
    • 1 block walk to the new Steiner Studios redevelopment of Bush Terminal
    • 2 blocks away from the Industry City campus
    • 6 minute drive to Brooklyn Army Terminal
    • 22 minute subway ride to Barclays Center
  • Utility:
    • Heavy Power
    • Wet Sprinkler System
    • Floor Drains
    • Three Overhead Drive Ins
  • Property Description: Sunset Park Investment Sale - 3 Adjoining Warehouses - Long Term Leases - Income Producer Today / Appreciation Opportunity Tomorrow
  • Sale Notes: For the first time since 1975, Kaplon-Belo Affiliates LLC is proud to present the sale of the 127 Realty Company portfolio. This rare income producing asset consists of three adjoining industrial warehouse buildings totaling 16,200 sqft, located in the heart of Sunset Park. This long term investment offers a significant appreciation opportunity over the next decade. The properties are situated in the M3-1 heavy manufacturing district of Sunset Park, between 1st and 2nd Avenue. Just one block west Steiner Studios is developing a 500,000-square-foot film and television production space at the Bush Terminal, as part of the Made in New York Campus, currently being transformed into a garment manufacturing and media production hub. Just two blocks north is the Industry City complex, which houses over 500 businesses spanning 16 campus buildings. The waterfront green spaces, immersive retail, and public art installations make for a must see tourist destination. A few blocks south is the Brooklyn Army Terminal. This former US Army base is over three million square feet, and has been renovated into a fully functioning industrial complex housing over 100 businesses and 4,000+ good manufacturing jobs. This truly is the epicenter of the New Sunset Park. All three buildings are fully leased and maintained by none other than Brooklyn's own, Table 87 Frozen Coal Oven Pizza LLC. Table 87 started with just one warehouse but have expanded into all three as their business and popularity continues to grow. The food manufacturer has approximately nine years left on their lease. Income producer today - Brooklyn's future tomorrow.
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  • Lot Size: 15,000 SqFt
  • Building Area: 16,000 SqFt
  • Number of Stories: One w/ 1,200 sqft Second Floor Office
  • Tenancy: Fully Occupied - Long Term Lease
  • Clear Ceiling Height: 15'-18'
  • Zoning Description: M3-1
  • Block & Lot: 00716-0060, 0058, 0056
  • Number of Drive In/Grade Level Doors: 3
  • Agent:
    Name: Matthew Kaplon
    Phone: (516) 220-3273
    Email : mk@kaplonbelo.com
  • Map: 131-145 42nd Street Brooklyn NY 11232