432 & 440 3rd Avenue
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432 & 440 3rd Avenue
2 Properties in Brooklyn, NY
Investment Highlights
- More than 30,000 GSF of commercial and residential properties with over 155' of frontage along 3rd Avenue
- High Growth Area - Over $1 billion in public and private investment pouring into the neighborhood indicating the area's potential
- First Sale in 30+ Years - Properties are being presented to the market for the first time in 30+ years
- Value-Add Opportunity - Below market, in-place industrial rents allowing for significant growth in revenue in the near term
- Superior Connectivity - Immediate proximity to the R, F, & G subway lines from the 9th Street and 4th Avenue Subway Stations
Executive Summary
432 & 440 3rd Avenue present a unique investment opportunity in the heart of the Gowanus renaissance. The Properties, which combine for over 24,000 square feet of industrial use, showcase more than 130 feet of frontage along 3rd Avenue. Potential investors have the opportunity to take advantage of the existing month-to-month and short-term leases as an opportunity to occupy space or mark in-place tenants up to market. With such a prime location and overall optionality, these properties present a unique investment opportunity.
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 22,306 SF |
| Number of Properties | 2 | Total Land Area | 0.20 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,306 SF |
| Total Land Area | 0.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 432 3rd Ave, Brooklyn, NY 11215 | Industrial | 15,948 SF | 1920 | - |
| 440 3rd Ave, Brooklyn, NY 11215 | Retail | 6,358 SF | 1989 | - |
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432 & 440 3rd Avenue
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