625 Wortman Avenue, Brooklyn, NY | Industrial Building

Property Type Industrial - Warehouse/Distribution
Property Size 58,000 SF
Lot Size 1.61 Acre
Parking Spaces Avail. 19
Parking Ratio 0.34/ 1,000 SF
Property Tenancy Vacant
Building Class B
Year Built 1963

Location

Map
Street

City Brooklyn, NY
Neighborhood Old Tappan
Zip Code 11208
Market Brooklyn

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

Purchase Date 12 Nov, 2021
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Brooklyn

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

Unlock on CommercialEdge

Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

Unlock on CommercialEdge

Asking Rents in Brooklyn Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $51.42
2020 Office Vacancy Rate 13.25%
2020 Office Completions (SF) 1,135,429

Brooklyn Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $320.11
Y-o-Y Avg. PpSF Change -21.62%
2020 Office Sales Volume $533.4M
2020 Number of Transactions 8

View more Brooklyn market trends

Tax

Property Tax in 2021-2022 $255,587
Market Value* $5,281,000
Assessed Value $5,281,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 625 Wortman Avenue?

625 Wortman Avenue totals 58,000 square feet.

When was this property built?

625 Wortman Avenue was built in 1963.

When was 625 Wortman Avenue last sold?

625 Wortman Avenue was last sold on 12 Nov, 2021.

What is the property tax for 625 Wortman Avenue?

The property tax for 625 Wortman Avenue in 2021-2022 was $255,587.

What is the market value for 625 Wortman Avenue?

The market value* for 625 Wortman Avenue in 2021-2022 was $5,281,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Looking for more in-depth information on this property?

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