Type:
Industrial
Sq Ft:
40,888
Units:
Property Description
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.
FEATURES
• Lower level includes 80 renovated commercial spaces perfect for podcast rooms, recording studios, office space, retail, etc.
• Upper level offers 18,533 SF flex space. Currently gutted, a blank canvas opportunity
• 2 Loft Apartments – do not have leases and have a combined gross income of $5,500/month
• Upper level ceiling height = 13 ft. Lower level ceiling height = 12 ft (5’4” above grade; 6’8” below grade)
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Block & Lot:
02858-0001
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Neighborhood:
Greenpoint
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Cross Streets:
Richardson St & Frost St
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Building Dimensions:
198 ft x 112 ft
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Lot Dimensions:
204 ft x 115 ft
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Units:
82
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Total Approx. SF:
40,888
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Zoning:
M1-1
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FAR:
1.0
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Tax Class:
4
