| CREOP

Warehouse Description

Drive-In Doors: The warehouse boasts four drive-in doors, facilitating easy access for loading and unloading operations. Infrastructure: Equipped with gas heating, 200 amps of electric service, exhaust fans, and ample natural light from skylights, creating an efficient and comfortable workspace. Office Space: Includes an 8,000-square-foot office area, providing a dedicated space for administrative functions. Warehouse Space: currently configured as two units 10,000 Square Feet each that can be combined for 20,000. Yard: 2,500 square feet fenced-in yard with a roll gate and access to loading. Supervisor/Manager's Office: Features a 350-square-foot prefab office on the warehouse level, enhancing on-site management capabilities. Storage: Currently fitted with steel shelving, optimizing storage capacity and organization within the warehouse. Safety Measures: The warehouse is fully sprinklered, ensuring safety compliance, and features a comprehensive camera and alarm system for enhanced security.
This 28,000-square-foot industrial building presents a compelling investment opportunity, combining functional warehouse space with well-equipped office facilities. The property's strategic location and existing infrastructure position it for immediate use and income generation. For a comprehensive understanding of this investment opportunity, please refer to the detailed property information.
Lease Rate: $20. Per Foot Annually.

Location Summary

Transportation Hubs: Positioned in close proximity to major transportation arteries, including the Jackie Robinson Expressway and Atlantic Avenue, the property benefits from a well-connected network that facilitates efficient movement of goods and personnel.
Corner Visibility: As a corner property with an impressive 200 feet of frontage on Hinsdale Street, this location offers heightened visibility, enhancing the property's marketability and accessibility for clients, partners, and customers.
Public Transit Accessibility: The property is conveniently accessible by a variety of public transit options, including the A, C, J, L, and Z trains, as well as the Long Island Rail Road (LIRR). This accessibility ensures an easy commute for employees and streamlined transportation of goods.
Industrial Business Zone: The property is situated in the East New York industrial business zone, providing a conducive environment for industrial and commercial activities.

East New York Industrial Business Zone

Overview: Nestled within the strategically designated East New York Industrial Business Zone (IBZ), this property stands as a testament to the City of New York's commitment to fostering a robust industrial and manufacturing landscape. Established in 2006, IBZs like the one in East New York provide a tailored environment with incentives aimed at supporting the growth and sustainability of businesses in these crucial sectors.

Key Advantages of the East New York IBZ

1. Relocation Tax Credit: Financial Incentives: The East New York IBZ offers a relocation tax credit, providing industrial and manufacturing firms with $1,000 per employee, up to a maximum of $100,000. This financial incentive is designed to encourage businesses to choose this zone as their operational base.
2. Land Use Policy Commitment: Stability in Planning: Businesses within the East New York IBZ benefit from a commitment by the City of New York to refrain from supporting rezoning that would permit new residences within the zone. This commitment offers stability in land use policy, ensuring a predictable and supportive operational environment.
3. Manufacturing-Zoned Land: Tailored Environment: The East New York IBZ is exclusively comprised of manufacturing-zoned land. This ensures that the zone is purposefully designed to meet the unique needs of industrial and manufacturing businesses, providing a specialized and conducive operating environment.
4. Controlled Expansion: Focused Growth: The commitment against rezoning for new residences underscores the city's focus on maintaining the East New York IBZ for industrial and manufacturing purposes. This controlled expansion strategy enhances the zone's longevity and stability.
The East New York Industrial Business Zone serves as a beacon for businesses seeking a stable, supportive, and incentivized environment within the industrial and manufacturing sectors. The combination of financial benefits, land use policy commitment, and a focus on manufacturing-zoned land positions this zone as a strategic choice for businesses aiming for long-term growth and success. For a comprehensive exploration of the advantages offered by the East New York IBZ, please refer to detailed information on the zone's incentives and benefits.