Check Availability
$6,588,000
House - For Sale

20 Van Dam Street

Greenpoint, NY 11222
bedrooms
Studio
bathrooms
0 Bath
$36,226
Estimated Monthly
$0
HOA / Fees
-0.07%
Cap Rate

About This Property

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!!!)
Unit Size
-
Days on Market
337 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$3,878
HOA Dues
-
Year Built
1931
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 5 months ago (OneKey MLS #ONE3481020)

Price History

Date / Event Date Event Price
May 26, 2023 Listed by All Island Estates Realty Corp $6,588,000
Listed by All Island Estates Realty Corp

Property Highlights

Exterior Details

Property Information

Square Footage : 17790
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1931

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.16
Lot Size Square Feet: 6930
Lot Size Dimensions: 72x96.25
Financial Details
Tax Annual Amount: $46,532

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$5,650,000 Aug 30, 2014
$5,650,000 May 15, 2015
-
Condo
1 Bed
1 Bath
-
$5,500,000 Jun 16, 2016
$5,500,000 Jun 16, 2016
-
Townhouse
10 Beds
6 Baths
-
$5,995,000 Oct 25, 2023
-
$16,000/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

20 Van Dam Street 20 Van Dam Street, Brooklyn, NY 11222
  • 1 Units
  • 1 Unit for Sale
More about this Building
20 Van Dam Street
Want to find out who owns 20 Van Dam Street, Brooklyn, NY 11222? Get detailed property transactions here .

About Northern Brooklyn


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