Borough Park Industrial Property for Sale

1314-1318 59th Street

Borough Park

Lot SF 10,018
Gross Building SF 38,236
Cross Streets 13th/New Utrecht Avenues
Subways
d
n
Request More Info
Would you like to know more?

I would like to be contacted:

Are you in a 1031 Exchange?

Industrial 1314-1318 59th Street, Borough Park
Dan Marks
Have Dan contact you

Want Dan to contact you?

I would like to be contacted:

Are you in a 1031 Exchange?

Details

Zoning R5/M1-1
Tax Class 4
Lot Dimensions 60 ft x 200.17 ft
Building Dimensions 60 ft x 18.5 ft
Stories 2

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 1314-1318 59th Street in the Borough Park section of Brooklyn. This is a rare opportunity to own a multi-story industrial asset with frontage on a prime thoroughfare that traverses many high-density neighborhoods in Southwest Brooklyn. Situated between 13th and New Utrecht Avenues, the block-through property has split zoning of R5 and M1-1 with frontage on both 59th and 60th Streets. The 60- by 200-foot lot is improved by an industrial building with two stories above grade totaling 18,200 gross SF and two stories below grade totaling 20,036 gross SF. The property also features a freight elevator, off-street parking/loading area, modernized sprinkler system, and between 8- and 12-foot ceiling heights.

This industrial property is part of a portfolio sale on the same block consisting of another industrial asset and an assemblage of mixed-use buildings totaling 18,705 square feet.

This is a rare opportunity to own a multi-story industrial asset with frontage on a prime thoroughfare that traverses many high-density neighborhoods in Southwest Brooklyn.

Attractions

One of Brooklyn’s oldest neighborhoods, Borough Park is currently experiencing significant population growth. Between 2009 and 2017, jobs in the area grew by 28,000 – an increase of 72 percent. Contributing factors include the expansion of Maimonides Hospital as well as the increase of e-commerce; between five and ten percent of all third-party sales on Amazon originate from the neighborhood.

The property is easily accessible via the D and N express lines, which service the 62nd Street/New Utrecht Avenue station just two blocks from the site. Manhattan can be reached from the station by either train in thirty minutes during rush hour commutes.

Gravesend Park

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >