List Search

1188-1194 Metropolitan Ave

Brooklyn, NY 11237

$12,688,000

Service For Sale  •  12,900 Sq Ft

Property Details

  • Property Type Service
  • Total Building Size 12,900 Sq Ft
  • Lot Size 0.39 ac
  • Building Class C
  • Year Built 1993
  • Zoning M3-1
73 Transit Score
57 Walk Score

Description

Calling All Investors, Developers & End-Users!!! Beautiful 12,900 Sqft. Industrial Building For Sale On The Corner Of Busy Metropolitan Avenue & Varick Avenue. Property Features Excellent Signage, Great Exposure, Large 17,000+ Sqft. Corner Lot, CAC, 10+ Parking Spaces, 9 Bays, High 16'+ Ceilings, LED Lighting, Beautiful Views Of Manhattan, +++!!!
Tenants Include Sunoco, Star King (Import Export Business)
Sunoco Has 9 Years Left On Their 10 Year Lease (3 % annual increase)
 Star King Has 3 Years Left On Their 5 Year Lease (6% annual increase)
The Oil Company’s 7,000 Sqft. Space Will Be Made Available For The Next Owner.
This Is Also An Excellent Opportunity For A Development Site; Owner Has Stated You Could Build Up To 5 Stories; 85,000 Sqft. Buildable

Highlights

Calling All Investors, Developers & End-Users!!!
Beautiful 12,900 Sqft. Industrial Building For Sale On The Corner Of Busy Metropolitan Avenue & Varick Avenue
Large 17,000+ Sqft. Corner Lot
Excellent Signage, Great Exposure, 10+ Parking Spaces, 9 Bays, High 16'+ Ceilings, Beautiful Views Of Manhattan, +++!!!
Tenants Include Sunoco, Star King (Import Export Business)
This Is Also An Excellent Opportunity For A Development Site; Owner Has Stated You Could Build Up To 5 Stories; 85,000 Sqft. Buildable

Property Flyers

Financial Summary

Total Expenses: $75,224

Major Tenants

Tenant SF Occupied Lease End Date
Star King 5,700 SF 12/31/2022
Sunoco 200 SF 1/31/2028

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Security System
  • Signage
  • Storage Space
  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
Hunterspoint Avenue Station Commuter Rail (Oyster Bay Branch, Hempstead Branch) 8 min - 3.3 mi
Long Island City Station Commuter Rail (Hempstead Branch) 9 min - 3.8 mi
Transit/SubwayDriveWalkDistance
Grand Street (L Line) Transit Stop 3 min 13 min 0.6 mi
Jefferson Street Transit Stop (L) 3 min 15 min 0.8 mi
Morgan Avenue Transit Stop (L) 4 min 16 min 0.8 mi
Graham Avenue Transit Stop (L) 3 min 16 min 0.8 mi
Montrose Avenue Transit Stop (L) 4 min 19 min 0.9 mi
AirportDriveWalkDistance
La Guardia Airport 13 min - 7.1 mi
John F. Kennedy International Airport 21 min - 11.3 mi
Newark Liberty International Airport 36 min - 16.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Matthew Shane 516-279-8828 All Island Commercial
Matthew Shane 516-279-8828 All Island Commercial