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PROPERTY METRICS

  • Price / sq ft $406
  • Price 4,800,000
  • Property Type Industrial Building
  • Address 190 Morgan Ave
  • City Brooklyn
  • State NY
  • Zip 11237
  • SqFt 11,810

PROPERTY DETAILS

190 Morgan Avenue is located along the Newtown Creek in the East Williamsburg neighborhood of Brooklyn, NY. The subject property is a 11,810 SF building, with a footprint of 10,335 SF, standing on a 99.17 ft x 150 ft, M3-1 zoned, irregularly shaped lot, totaling 14,495 Square Feet (Block/Lot: 02942-0221).

190 Morgan Avenue is located within a Federally Designated Opportunity Zone, as well as The North Brooklyn Industrial Business Zone. The building features 100 linear feet along The Newtown Creek, a 4,000 Square Foot exterior rear lot, 24’ high ceilings and no columns. It is also fitted with one large roll-up front gate (20’ high by 12’ wide), as well as two (2) rear drive-through gates. The property will be delivered vacant at closing.

190 Morgan Avenue offers owner-users and investors alike, the unique opportunity to purchase a strategically located, pristine warehouse, with 11,800 square feet of existing space, and an additional 17,000 square feet of air rights. It is within a Federally Designated Opportunity Zone, on highly trafficked Morgan Avenue, and within the N. Brooklyn IBZ. The buyer will be able to capitalize on the asset’s ideal location for easy truck access and delivery into all boroughs via I-278, commanding strong industrial rents and enjoying some of the highest industrial property values in all of New York City.

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