An industrial warehouse building at 184-198 Nostrand Avenue and 433 Willoughby Avenue, located on the northwest corner of Willoughby and Nostrand Avenue in Brooklyn’s Bedford Stuyvesant neighborhood, was sold in an all cash transaction valued at $2,850,000.
This site includes a corner, single-story, brick industrial building and a neighboring, small vacant lot totaling approximately 20,000 square feet. The ceiling of the warehouse ranges from 14 feet on the sides to 18 feet in the middle and features seven large skylights. The property has a full sprinkler system, two unconnected Modine gas blowers and adequate power. There is a mechanical roll down gate and screen as well as an office and two bathrooms. It is conveniently located two blocks from the Myrtle-Willoughby G train station and one block from Home Depot. The sale price equates to $71 per buildable square foot.
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Neighborhoods: Bedford Stuyvesant/ Agents: Mark Lively