$13,500,000 / 27500ft2 - Warehouse*Developement*Investment Property*Parking*Can Deliver Vacant (Scholes St, Williamsburg, Brooklyn)

Can Be Delivered Vacant Large Parking Area, Lot Size: 27,500 square feet, The Lease Expired this past Jan 2025, on a month to month basis Now. Zoning: M1-1, Commercial FAR: 1.00 – 27,500 buildable Square Facility FAR: 2.40 – 66,000 buildable square feet Located in the Williamsburg section of Brooklyn, the property consists of 7 lots adjacent to each other with 150 feet of frontage on Scholes Street and 125 feet of frontage on Meserole Street. The property is fully leased to PAY-O-MATIC Corp. They use the property as parking and warehouse space for their business operations. There are currently 3 separate warehouse buildings on the property. One of the buildings size is 50 x 200 sq. ft. and consists of 10,000 sq. ft. with an additional 2,500 sq. ft. of a second floor. The size of a second warehouse building on the property is 50 x 100 sq. ft. with a second floor and total of 10,000 sq. ft. The size for the third and smaller warehouse building is 25 x 100 sq. ft. no second floor. The remaining 10,000 sq. ft. of property is used for parking. The ceiling height is 16ft and 11ft. It is a triple-net lease with the tenant currently paying $409,772 per year 3% escalations every year. The lease is set to expire in January 2025 with the tenant then having a 5-year option. Contact: 9 1 7 - 2 8 4 - 5 9 2 0