Warehouse Development and Investment Property with Parking – Can Be Delivered Vacant (Scholes St, Williamsburg, Brooklyn)

Can Be Delivered Vacant

Large parking area

Lot size: 27,500 square feet

Lease expires January 2025

Zoning: M1-1

Commercial FAR: 1.00 (27,500 buildable sq. ft.)

Facility FAR: 2.40 (66,000 buildable sq. ft.)

Located in the Williamsburg neighborhood of Brooklyn, this property comprises seven adjacent lots with 150 feet of frontage on Scholes Street and 125 feet on Meserole Street.

Currently, the property is fully leased to PAY-O-MATIC Corp., who utilize the space for parking and warehouse operations. The site includes three warehouse buildings:

One building measures 50 x 200 ft. totaling 10,000 sq. ft., plus an additional 2,500 sq. ft. on the second floor.

A second warehouse is 50 x 100 ft. with a second floor, totaling 10,000 sq. ft.

The third, smaller warehouse is 25 x 100 ft. with no second floor.

Approximately 10,000 sq. ft. of the property is designated for parking. Ceiling heights range from 11 to 16 feet.

The lease is a triple-net agreement with annual rent of $409,772, including 3% yearly escalations. The lease expires in January 2025, with the tenant holding a 5-year renewal option.

For more information,

contact: 917-284-5920