171 Morgan Ave

For Sale$5,000,000

171 Morgan Ave, Brooklyn, NY 11206

  • Industrial

171 Morgan Ave, Brooklyn, NY 11206 - Industrial Space

171 Morgan Ave is located at 171 Morgan Ave in the Williamsburg neighborhood, NY, Brooklyn, 11206. The Industrial building was completed in 1920 and features a total of 10,000 Sqft.

There are 35 industrial spaces for lease in the Williamsburg neighborhood, totaling 365,330 Sqft of available industrial space. The industrial space availability for the 11206 zip code is 158,180 Sqft, in 31 industrial spaces. The average asking industrial rent per sq. ft. in Williamsburg is $23.31/sqft/year. For Class B industrial buildings the average industrial rate is $20/sqft/year.

In Williamsburg, there are 2 class A industrial buildings, there are 77 class B industrial buildings, there are 28 class C industrial buildings. In 1920, the same year 171 Morgan Ave was built, 12 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Brooklyn, featuring 3,788,365 square feet of commercial space. At zip code level, there are 24 commercial properties, of which 9 are industrial buildings over 50,000 square feet.

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Details

  • Sale Price $5,000,000
  • City Brooklyn
  • Neighborhood Williamsburg
  • Zip Code 11206
  • Property Type Industrial
  • Property Size 10,000 Sqft
  • Lot Size 0.23
  • Year Built 1920
  • Date Updated 30 Oct, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Description

Marcus & Millichap has been exclusively retained to execute the sale of 171 Morgan Ave, Brooklyn, NY. 171 Morgan Ave is a single-story industrial warehouse, located on the corner of Scholes Street and Morgan Ave in the East Williamsburg section of Brooklyn, NY. The subject property is built full on a 100 ft x 100 ft. M1-1 zoned lot (Block: 03048 Lot: 0020). The existing building totals 10,000 square feet. The subject property has 100 feet of frontage on both streets with high foot and vehicle traffic. 171 Morgan Avenue is superbly located less than a mile from the BQE, close to the Pulaski Bridge, and just seven blocks south of Metropolitan Ave - true last-mile delivery to Manhattan, and easy access to all five boroughs, Long Island, and New Jersey, as well as just five blocks from the Morgan Avenue "L" subway station. Investors and users have the opportunity to purchase this existing warehouse in one of the most desirable neighborhoods in Brooklyn, where rental and sales prices have skyrocketed in recent years.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 171 Morgan Ave?

171 Morgan Ave totals 10,000 square feet.

When was this property built?

171 Morgan Ave was built in 1920.

Williamsburg Demographics

The average household income in zip code 11206 is $66,324, from a total of 31,163 households. In terms of employment, there are 87.33 % white-collar and 12.67 % blue-collar jobs in zip code 11206.

Population

  • Total Population150,810
  • Male Population(49.5 %) 74,724
  • Female Population(50.5 %) 76,086
  • Median Age30.30

Income/Financial

  • Average Household Income$91,311
  • Median Household Income$51,413
  • Median Income Under 25$53,618
  • Median Income 25-44$68,275
  • Median Income 45-64$45,823
  • Median Income Over 65$18,705

Commercial Broker Register now to add listings

Jason Moskowitz

Marcus and Millichap

Associate Real Estate Broker

(718) 475-4387

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