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221-241 Glenmore Avenue & 97-99 Snediker Avenue, Brooklyn, NY 11207

PROPERTY METRICS

  • Property Size 43,380
  • Price / sq ft $256
  • Price $11,250,000
  • Property Type Industrial
  • Address 221-241 Glenmore Ave & 97-99 Snediker Ave
  • City Brooklyn
  • State NY
  • Zip 11207

PROPERTY DETAILS

The Nowak Group of Marcus & Millichap has been retained exclusively by ownership to arrange the sale of 221-241 Glenmore Avenue in Brooklyn, NY. 221-241 Glenmore Avenue is an industrial building located within the Industrial Business Zone of East New York, Brooklyn.

The subject property is comprised of 221-241 Glenmore Avenue, two adjacent industrial manufacturing facilities totaling 38,380 square feet (including 5,000 square feet of 2nd floor office), and 97-99 Snediker Avenue, two adjacent parking lots across the street that total 5,000 square feet. The gross square footage of the portfolio is 43,830 square feet. The total lot square footage is 40,854. The subject property is entirely M1-4 zoned.

The building features open, mostly uninterrupted 33,830 square feet of factory/warehouse space, with approximately 16-18 foot ceiling clearance throughout, recently slabbed floors, and minimal to no deferred maintenance.

A single industrial tenant occupies 3,000 square feet of the building, paying $3,500 per month with 5% annual escalations. The tenant is responsible for their own utilities. The lease expires January 2026. The lease can be terminated upon sale with 90 days written notice to the tenant.

The subject property is located two blocks away from the Atlantic Avenue & Sutter Avenue subway stations, both serviced by the L line, and is also within proximity to the A, C, J, & Z lines. A 7-minute drive from Route 27, the subject property is strategically located for access to highways and public transportation. This provides for easy access to JFK Airport, a 16-minute drive from the subject property.

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