Multi-Story Industrial Asset in Borough Park
1355-1357 60th Street
Borough Park
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718-489-8333
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of 1355-1357 60th Street and 5902 New Utrecht Avenue in the Borough Park section of Brooklyn.
Situated between 13th and New Utrecht Avenues, the block-through property totals three tax lots, is zoned M1-1, and has frontage on 59th Street, 60th Street, and New Utrecht Avenue. The 6,147 SF lot is improved by an industrial building with two stories above grade totaling 8,000 Gross SF. The property has an at-grade loading bay that is 10’ wide with 11’ overhead clearance. It also has a 5,000 SF basement with 8’ clearance.
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
Borough Park is one of Brooklyn’s oldest neighborhoods. It is currently experiencing large amounts of population growth. Borough Park saw 28,000 new jobs develop between 2009 and 2017, constituting an increase of 72 percent. Contributing factors to this increase include the expansion of Maimonides Hospital as well as 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.
