Academy Distribution Center Katy
US - Katy, TX
1,500,596 sf
Asset Description
346 Maujer Street is a 24,890 SF commercial building located in the Industrial Business Zone of Williamsburg, Brooklyn.
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Attributes
Asking Price
£7,634,000
Building area Gross
24,890 sf
Cap Rate
6.00%
NOI
£458,000
Media
Investment Highlights
DEVELOPMENT POTENTIAL
The Property holds 14,950 BSF in available air rights which avails itself to a development opportunity of 39,840 BSF.
TAX BENEFITS
The Property benefits from its location within the Brooklyn Industrial Business Zone (IBZ). The Industrial Business Zone (IBZ) Relocation Tax Credit is a one-time tax credit of $1,000 per relocated employee. The tax credit is applied against the business’ City tax liability and cannot exceed the lesser of actual relocation costs or $100,000.
ACCESS
Only a few blocks from the Brooklyn-Queens Expressway, the Property is less than a mile from the Graham Avenue L train and offers outstanding access by car.
DESIRABLE NEIGHBORHOOD
The immediate area is a popular destination for tourists and locals alike with hotels, nationally recognized brand name retailers, and dozens of popular restaurants. The industrial market in Williamsburg continues to tighten as demand increases and supply is converted to alternate uses.
Contact brokers
346 Maujer Street (0 Properties)
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Last updated
30 Nov 2022
