972-974 Dean St
Brooklyn, NY 11238
PIRIKA CHOCOLATE FACTORY · Industrial Property For Sale
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INVESTMENT HIGHLIGHTS
- Historic multistory warehouse designed by renowned 19th Century architect Theobald M. Englehart in the heart of Crow Hill
- Efficient supply chain and logistics enabled by excellent access to inner-city thoroughfares, airports and interstate highways
- 18,400 Gross Existing SF across three floors + basement with 14’ vaulted ceilings connected by a freight elevator (10,000 lbs.)
- Excellent potential for office conversion, with the Studebaker Building, another recent conversion right next door
PROPERTY FACTS
AMENITIES
- Storage Space
UTILITIES
- Lighting
- Gas
- Water
- Sewer
ABOUT 972-974 DEAN ST , BROOKLYN, NY 11238
972-974 DEAN STREET: MASSIVE COMMERCIAL BUILDING FOR SALE IN CROWN HEIGHTS Large Historical Building for sale with endless possibilities! The historic Pirika Chocolate factory building is for sale in Northern Crown Heights/Crow Hill. The building holds significant value in a variety of its aspects, ranging from construction, architecture, history and location. Possible uses, relative to the M1-1 classification can be various, but new residential construction nearby suggests other zoning possibilities. Built at the turn of the century by renowned architect Theobald Engelhardt, widely credited for his significant influence on the Brooklyn cityscape. The building housed the production of Pirika chocolates and candy, a company that blossomed during the Prohibition, catering to people craving a substitute for alcohol. After the repeal of the ban on alcoholic beverages, Pirika folded - but the building's grand construction and spectacular design impress well into today. The building boasts three loft-style levels and a sub-basement and features: - 18,472 square feet - 12' ceilings - large column beams throughout - extra wide ceiling joists - exposed brick or concrete reinforced walls - large oval windows - industrial size freight elevator - five access entryways - loading dock - NO landmark status The possibilities for the structure as is are endless. Artist studios, office and co-working spaces, restaurant or entertainment venues, mini storage, fitness studios, retail - options abound. Alternatively, with a zoning adjustment, the building could potentially be converted or rebuilt for a luxury residential building or hotel. Nestled within a trendy area, the block itself boasts similar era buildings that have since been converted to highly successful projects. Next door (1000 Dean Street), The Studebaker Building completed its 150,000 sq. ft renovation that includes A&E channel's newest studios. At nearby 1024 Dean Street, the former Budweiser Brewery was converted to an all-green residential complex while the former Heinz Ketchup factory around the corner (925 Bergen St) is now a commercial complex with 30 loft studios. Close to the Fulton Avenue retail corridor, nearby establishments include trendy restaurants, bars and cafes and a variety of retail stores. Major landmarks in the area include Barclays Center and Prospect Park. Public transportation options include the A, C and Franklin Ave shuttle. Reach out today for more details or for a possibility to tour this magnificent Brooklyn investment opportunity. Located around the borders of the Brooklyn neighborhoods of Crown Heights, Bedford Stuyvesant and Downtown Brooklyn, the Pirika Chocolate Factory sits in the center of the rapidly developing new submarket Crow Hill – an area that has seen massive influxes in residential population growth tied to newly developed infrastructure in the form of restaurants, coffee shops, exercise studios, clothing boutiques, etc. Atlantic Avenue is two blocks from the building, providing direct transit access to one of New York City’s primary, major thoroughfares, and the Franklin Avenue C & S Trains sit only two blocks away.
LINKS
PROPERTY TAXES
Parcel Number | 01142-0016 | Improvements Assessment | $625,500 |
Land Assessment | $58,500 | Total Assessment | $684,000 |
ZONING
Zoning Code | M1-1 (Light industrial with offices, hotels, and most retail uses permitted) |
Listing ID: 16187148
Date on Market: 5/30/2019
Last Updated:
Address: 972-974 Dean St, Brooklyn, NY 11238
The Crown Heights Industrial Property at 972-974 Dean St, Brooklyn, NY 11238 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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