APPROVED OFFICE USE & FLEX INDUSTRIAL SPACE

  • 1.3 Million SF building

  • $130 Million invested in improvements

  • Space sizes of 10,000 SF or more

  • Full floorplate of 180,000 SF

  • 3 Separate Lobbies

  • 3.2 Acre Rooftop Farm and Event Space

  • 60,000 SF Ground Floor Loading Area

  • 17 Loading Docks with 13’ to 15’ Clear Heights

  • 386-Space Parking Lot

  • 3 Additional Full Drive-in Docks

  • 18 Brand-New Elevators (12 Freight and 6 Passenger cars)

  • Reinforced Floor Loads Ranging from 250-500 lbs Per SF

  • Significant Economic Incentives (PILOT, REAP, ICAP, IBZ)

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Floorplans

TYPICAL FLOOR

SUBDIVIDED FLOOR

LOADING OPTIONS

Location

History

Specifications

Built:
1920

Property Type:
Eight (8) story industrial loft building

Building Class:
Semi-Fireproof Warehouse (E3)

Zoning District:
M3-1

Total Square Footage:
1.3 million

Total Square Footage (Per Floor):
180,000 RSF

Building Entrance:
Three separate lobbies.
One can be dedicated to a major tenant

Access:
24/7 access

Elevators:
18 Total
Fully Automatic operating 24/7

HVAC Hours of Operation:
Operating 24/7, the system has a state-of-the-art Building Management System. A computer-based control system that controls and monitors all of the building’s HVAC equipment.

Loading Docks (On Premises):
17 (3 Fully Indoors)

Electric Capacity:
12,000 AMPS (Entire Building)
Additional Available

Generator:
1.5MW to operate all essential life safety systems

Floor Loads:
1st Floor- 500 pounds per square foot
2nd-6th Floor- 300 pounds per square foot
7th-8th Floor- 250 pounds per square foot

Ceiling Height:
12 ft.

Telecommunications:
Fiber optic, broadband and cable services provided

Parking:
On site parking for 450 cars

Work Force Community:
Sunset Park is that rarity in 21st century New York City, A walk-to-work neighborhood.
Read more…

Transportation:
Subways: D, N and R trains less than four blocks away
Bus: B35, B63, B70

Rails:
Long Island Railroad Brooklyn Atlantic Terminal is one stop away via the D & N subway line; Quick access to LIRR Jamaica Station, AirTrain to JFK Airport and Manhattan.

Highways:
Immediate highway access to the Brooklyn Queens Expressway, Brooklyn Battery Tunnel, Brooklyn Bridge, Manhattan Bridge, Verrazano-Narrows Bridge, Long Island Expressway, Belt Parkway and Staten Island Expressway.

Airports:
LaGaurdia Airport (LGA): 30 minutes
JFK Airport (JFK): 30 Minutes
Newark Airport (EWR): 30 Minutes

Economic Incentives

Madison Capital will work with Southwest Brooklyn Industrial Development Corporation (SBIDC) to help potential tenants access various programs and incentives designed to encourage industrial development and/or benefit light manufacturing and industrial tenants. These programs include, but are not limited to:

NYC Relocation and Employment Assistance Program (REAP)
A 12-year tax credit (refundable in the first 5 years) of $3,000 per job per year for each job relocated to Brooklyn. [1]

Industrial Business Zone Relocation Credit (IBZ)
The Industrial Business Zone (IBZ) Relocation Tax Credit is a one-time tax credit of $1,000 per relocated employee available to industrial and manufacturing firms relocating to one of the City’s sixteen IBZs from outside of an IBZ. Firms relocating within an IBZ are also eligible.

Low Cost Electricity
The City’s Energy Cost Savings Program (ECSP) provides a discount of as much as 45% on the distribution portion of electric costs. [2]

Additional Energy Savings
From Con Edison’s Business Incentive Rate (BIR) Program. [3]

Industrial & Commercial Abatement Program (ICAP)
This program provides abatements for property taxes for periods of up to 25 years. To be eligible, industrial and commercial buildings must be built, modernized, expanded, or otherwise physically improved. ICAP replaced the Industrial Commercial Exemption Program (ICIP) which ended in 2008. Previously approved ICIP benefits were not affected.

PILOT (Payment In Lieu of Taxes)
This project was granted a PILOT from New York City. As part of our tenant attraction package, we can offer/negotiate a significantly reduced real estate tax liability package.

[1] REAP is available for any company relocating employees from outside New York City or from Manhattan south of 96th Street (REAP is discretionary for companies relocating from lower Manhattan).
[2] ECSP is up to 12 years.
[3] The Con Ed BIR is for up to 15 years. The BIR is available only for tenants receiving more comprehensive discretionary incentives from NYC

Contacts

Leasing

David Junik
O 718.371.6406
djunik@pinnaclereny.com

Steve Nadel
O 718.784.5907
snadel@pinnaclereny.com

Nechama Liberow
O 718.778.6006
nliberow@pinnaclereny.com

Mark Caso
O 718.371.6419
mcaso@pinnaclereny.com

Management

Jonathan Ratner
O 212.759.8745
jr@mcapny.com

John Clote
O 212.759.8746 
jclote@mcapny.com