20 Van Dam Street, Greenpoint, NY

About 20 Van Dam Street

Calling All Investors, Developers & End-Users!!! HUGE 17,790 Sqft. Industrial Building With Gated Yard & Private Driveway For Sale!!! The Property Features Great Exposure, Excellent Signage, 12 Parking Spaces, Strong M3-1 Zoning, High 12' Ceilings, Freight Elevator, Basement With 10' Ceilings, Separate Small Building In Rear Yard, Loading Dock, Sprinklers, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Situated In The Heart Of Greenpoint Just A Few Blocks From The BQE (I-278)!!! The Property Was Previously Home To A Successful Furniture Manufacturer!!! Neighbors Include Starbucks, Hilton Hotels, FedEx, The Home Depot, P.C. Richard & Son, National Grid, Dunkin', CVS, Staples, McDonald's, Pep Boys, Auto Zone, Restaurant Depot, Crunch Fitness, Blink Fitness, Key Food, Wendy's, Dollar Tree, +++!!!!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Development Site / The Next Home For Your Business!!! The Building Can Also Be Leased For Only $30 Per Sqft. NNN!!! Income: First Floor (6,500 Sqft.): $195,000 Ann. NNN. (Available) Second Floor (5,700 Sqft.): $171,000 Ann. NNN. (Available) LL + Rear Building (5,590 Sqft.): $167,700 Ann. NNN. (Available) Driveway: $28,800 Ann. (Available) Pro Forma Gross Income: $562,500 Ann. Expenses: Insurance: $3,823 Ann. Taxes: $46,532.08 Ann. Total Expenses: $52,538.08 Ann. Net Operating Income (NOI): $512,144.92 Ann. (Pro Forma 7.77 Cap!!!)

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