The Brennan Team of Marcus and Millichap successfully sold 4014 3rd Avenue, a 2-story industrial building comprised of warehouse and office space. The property is located on 3rd Avenue between 41st street and 40th street in the Sunset Park neighborhood of Brooklyn, New York.
The subject property was built in 1936, with a brand-new CO issued in 2007. The building measures 40 feet wide by 95 feet deep and is built full. The property is zoned M1-2, with no additional development potential as of right.
4014 3rd Avenue is highly visible and accessible to the Brooklyn-Queens Expressway (I-278), and can be utilized by a variety of business types. Sunset Park has seen a noticeable increase in demand for industrial real estate over the past 5 years, making this a smart purchase for both investors and users, should that trend continue.