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441 Keap St

Brooklyn, NY 11211

$3,000,000

Warehouse For Sale  •  3,900 Sq Ft

Property Details

  • Property Type Warehouse
  • Total Building Size 3,900 Sq Ft
  • Building Class C
  • Year Built 1950
  • Tenancy Single
  • Zoning M1-2R6A
97 Transit Score
98 Walk Score

Description

Newmark Knight Frank has been retained on an exclusive basis to arrange for the sale of a prime Williamsburg one-story warehouse located at 441 Keap Street and 121 Hope Street, which are two lots/two structures. The corner building located on Keap is 1,169 SF and Hope is 2,793 SF. The warehouse has over 120’ of wraparound frontage on both Keap and Hope and is approximately 3,900 total square feet with two large garage bays on Hope Street. 

While both lots have an FAR of 3.6, the air rights for both sites have been transferred for development located on the corner of Hope and Rodney which has now been completed. Additionally, both sites are in the Brownfield Cleanup Program and have received a Certificate of Completion but have not yet used tangible property credits, which may be used by a future owner.
 
The property can benefit from being located in an Opportunity Zone. With hundreds of new residential units coming to market that surround the site, there is tremendous upside in repositioning the property for office, retail or restaurant use. Both the property owner and the tenant can reap the benefits of being located in an Opportunity Zone.

Major Tenants

Tenant SF Occupied Lease End Date
Star Craft Inc

Public Transportation

Commuter RailDriveWalkDistance
Long Island City Station Commuter Rail (Hempstead Branch) 16 min - 5.6 mi
Transit/SubwayDriveWalkDistance
Lorimer Street (L Line) Transit Stop 1 min 5 min 0.3 mi
Marcy Avenue Transit Stop (J, M, Z) 3 min 8 min 0.4 mi
Hewes Street Transit Stop (J, M) 3 min 8 min 0.4 mi
Graham Avenue Transit Stop (L) 2 min 10 min 0.6 mi
Bedford Avenue Transit Stop (L) 4 min 11 min 0.6 mi
AirportDriveWalkDistance
La Guardia Airport 16 min - 6.6 mi
John F. Kennedy International Airport 23 min - 14.2 mi
Newark Liberty International Airport 35 min - 15.8 mi
David Behin 212-372-2075 Newmark Knight Frank
David Behin 212-372-2075 Newmark Knight Frank