625 Wortman Avenue
625 Wortman Avenue, Brooklyn, NY 11208
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- 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
- City Brooklyn, NY
- Neighborhood Old Tappan
- Zip Code 11208
- Market Brooklyn
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|370 17th Street #5500||MERRILL, (303) 446-5500||23,824 SF||$23/SF/YR||Modified
|370 17th Street
|Morrison & Foerster,
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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.
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
- 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.
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