20 Van Dam Street
Brooklyn, NY, 11222 $ 6,588,000
Baths0.0 Sq 6,930 Monthly Estimate*
$ 46,019
Studio
for $6,588,000. This 6,930 square foot building was built in 1931 on a lot size of 0.16.
Calling All Investors, Developers & End-Users!!! HUGE 17,790 Sqft. Industrial Building With Gated Yard & Private Driveway For Sale!!! The Property Features Great Exposure, Excellent Signage, 12 Parking Spaces, Strong M3-1 Zoning, High 12' Ceilings, Freight Elevator, Basement With 10' Ceilings, Separate Small Building In Rear Yard, Loading Dock, Sprinklers, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Situated In The Heart Of Greenpoint Just A Few Blocks From The BQE (I-278)!!! The Property Was Previously Home To A Successful Furniture Manufacturer!!! Neighbors Include Starbucks, Hilton Hotels, FedEx, The Home Depot, P.C. Richard & Son, National Grid, Dunkin', CVS, Staples, McDonald's, Pep Boys, Auto Zone, Restaurant Depot, Crunch Fitness, Blink Fitness, Key Food, Wendy's, Dollar Tree, +++!!!!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Development Site / The Next Home For Your Business!!! The Building Can Also Be Leased For Only $30 Per Sqft. NNN!!! Income: First Floor (6,500 Sqft.): $195,000 Ann. NNN. (Available) Second Floor (5,700 Sqft.): $171,000 Ann. NNN. (Available) LL + Rear Building (5,590 Sqft.): $167,700 Ann. NNN. (Available) Driveway: $28,800 Ann. (Available) Pro Forma Gross Income: $562,500 Ann. Expenses: Insurance: $3,823 Ann. Taxes: $46,532.08 Ann. Total Expenses: $52,538.08 Ann. Net Operating Income (NOI): $512,144.92 Ann. (Pro Forma 7.77 Cap!!!)
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FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
matthewshane8828@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $46,019
- Monthly Property Taxes
- $3,878
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,882,426
Percent of Sale Price 71%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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5/27/2023 | $6,588,000 | | Listed Price |