INVESTMENT OFFERING
SAB Capital is pleased to present 229 49th Street in the heart of Sunset Park, Brooklyn. Located between 2nd and 3rd avenue, the property is built to 33,181 square feet and is currently situated as a medical lab space.
The subject property is strategically located in a dense industrial area and provides immediate access to several public transit options (multiple bus lines, D, N, R, W trains), the BQE, Prospect Expressway, Bely Parkway and Battery Tunnel. Owner-users, Developers and Investors have the opportunity to purchase a primely-located property in a section of Brooklyn where commercial rents remain strong and growing.
- Commercial end-user or investor opportunity in the heart of Sunset Park.
- Building constructed in 2016 and is in pristine condition, offering up to 33,478 SF of usable space.
- Approximately 16 ft ceiling heights throughout the building.
- One drive-in gate with up to 25 underground parking spaces.
- Current usage is a medical laboratory – comparative rents in the neighborhood average $42/SF.
- Nearby public transportation.
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| 229 49th Street | $ | % | 33,478 | Available |
