78-92 Kingsland Ave
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78-92 Kingsland Ave
41,374 SF 98% Leased Flex Building Brooklyn, NY 11222 $22,000,000 ($532/SF)
Investment Highlights
- Lower level includes 80 renovated commercial spaces perfect for podcast rooms, recording studios, office space, retail, etc.
- 2 Loft Apartments - do not have leases and have a combined gross income of $5,500/month
- Upper level offers 18,533 SF flex space. Currently gutted, a blank canvas opportunity
- Upper level ceiling height = 13 ft. Lower level ceiling height = 12 ft (5’4” above grade; 6’8” below grade)
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 78-92 Kingsland Ave. The subject property is located on the east side of Kingsland Ave in between Richardson St and Frost St in Greenpoint, Brooklyn.
The property is a split level industrial/office complex offering a vacant flex space on the upper level, 80 commercial studios on the lower level (partially below-grade cellar), and 2 loft apartments. The building is built 198 ft x 112 ft, offering approximately 40,888 square feet (including the partially below-grade cellar), and property frontage on Kingsland Ave, Richardson St, and Frost St. 78-92 Kingsland Ave sits on a 204 ft x 115 ft lot, with a total lot area of 19,444 square feet. The property is zoned M1-1, with an FAR of 1.0, and is in tax class 4. Upper and lower commercial levels to be delivered vacant. Loft apartments do not have leases and have a combined gross income of $5,500/month.
The property is located only 4 blocks away from the BQE, and within walking distance to the G, J, M, & L subway lines.
The property is a split level industrial/office complex offering a vacant flex space on the upper level, 80 commercial studios on the lower level (partially below-grade cellar), and 2 loft apartments. The building is built 198 ft x 112 ft, offering approximately 40,888 square feet (including the partially below-grade cellar), and property frontage on Kingsland Ave, Richardson St, and Frost St. 78-92 Kingsland Ave sits on a 204 ft x 115 ft lot, with a total lot area of 19,444 square feet. The property is zoned M1-1, with an FAR of 1.0, and is in tax class 4. Upper and lower commercial levels to be delivered vacant. Loft apartments do not have leases and have a combined gross income of $5,500/month.
The property is located only 4 blocks away from the BQE, and within walking distance to the G, J, M, & L subway lines.
Property Facts
Amenities
- Signage
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste A03
- 156 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste D05
- 59 SF
- Office/Retail
- -
- Now
- 1st Fl-Ste E11
- 93 SF
- Office/Retail
- -
- Now
- 1st Fl-Ste E8
- 170 SF
- Office/Retail
- -
- Now
- 1st Fl-Ste F01
- 100 SF
- Office/Retail
- Full Build-Out
- Now
Studio/office space available for rent! 24/7 access Private room(s)! WiFi + utilities included! Communal Kitchen Event Hall coming soon!
Studio/office space available for rent! 24/7 access Private room(s)! WiFi + utilities included! Communal Kitchen Event Hall coming soon!
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste A03 | 156 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste D05 | 59 SF | Office/Retail | - | Now |
| 1st Fl-Ste E11 | 93 SF | Office/Retail | - | Now |
| 1st Fl-Ste E8 | 170 SF | Office/Retail | - | Now |
| 1st Fl-Ste F01 | 100 SF | Office/Retail | Full Build-Out | Now |
| 1st Fl-Ste G07 | 207 SF | Office/Retail | Shell Space | Now |
| 1st Fl-Ste I03 | 134 SF | Office/Retail | - | Now |
1st Fl-Ste A03
| Size |
| 156 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste D05
| Size |
| 59 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste E11
| Size |
| 93 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste E8
| Size |
| 170 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste F01
| Size |
| 100 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste G07
| Size |
| 207 SF |
| Space Use |
| Office/Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste I03
| Size |
| 134 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
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1st Fl-Ste G07
| Size | 207 SF |
| Space Use | Office/Retail |
| Condition | Shell Space |
| Available | Now |
Studio/office space available for rent! 24/7 access Private room(s)! WiFi + utilities included! Communal Kitchen Event Hall coming soon!
1st Fl-Ste I03
| Size | 134 SF |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
Studio/office space available for rent! 24/7 access Private room(s)! WiFi + utilities included! Communal Kitchen Event Hall coming soon!
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Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 02858-0001 | Improvements Assessment | $1,393,650 |
| Land Assessment | $292,050 | Total Assessment | $1,685,700 |
PROPERTY TAXES
Parcel Number
02858-0001
Land Assessment
$292,050
Improvements Assessment
$1,393,650
Total Assessment
$1,685,700
zoning
| Zoning Code | M1-1 (Light industrial with offices, hotels, and most retail uses permitted) |
| M1-1 (Light industrial with offices, hotels, and most retail uses permitted) |
Contacts
-
Derek Bestreich -
Donal Flaherty -
Luke Sproviero -
Sal Monteverde -
Investment Property Realty Group
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78-92 Kingsland Ave
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