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20 Van Dam St Listing Details & Market Data

20 Van Dam St, Brooklyn, NY 11222

  • For Sale $6,995,000
  • Property Type Industrial
  • Property Size 17,790 SF
  • Lot Size 8,190 SF
  • Building Class C
  • Year Built 1931
  • Date Updated May 30, 2022

20 Van Dam Street is a fantastic and beautiful investment opportunity with additional enduser

potential. The semi-detached three-story building is approximately 17,790 SF with 10.5’-

12.5’ ceilings, giant windows on three sides, and has a curb-cut / loading area that leads to

the private backyard.

The current owner-user has a woodworking shop and office on the first two floors while the

top floor has a legal caretaker’s unit and is divided up into light-filled offices and studios.

Rents in the area range from $30 / SF for industrial to upwards of $60 / SF for office / flex

space. Along with the low taxes and carrying charges, this is a remarkable opportunity to

either rent as is or add value with some moderate work on the first two floors and create

significant income with a projected NOI over $500k. The building is fully sprinklered, gasbased,

has a bulkhead on the well-maintained roof with panoramic views, has an existing

elevator shaft, and has nearly 5,000 SF of additional air rights. This is a rare and unique

opportunity.

Please reach out to [email protected] or call 706-255-5657 with questions.

KOSCUIUSZKO BRIDGE

VAN DAM

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Reach out to the broker for more info on lease terms and amenities

Location

  • City Brooklyn, NY
  • Neighborhood Greenpoint
  • Zip Code 11222
  • Market Brooklyn

Contacts

broker

Nathan Horne

COMPASS

(706) 255-5657

Attachments

Contact Listing Broker

broker

Nathan Horne

COMPASS

(706) 255-5657

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