20 Van Dam Street

Greenpoint, NY 11222

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!!!)

Listing courtesy of All Island Estates Realty Corp 516-783-5600


Based on information submitted to the MLS GRID as of 2024-05-06 10:50 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.