Asking price is $10,950,000 for prime industrial distribution center in Greenpoint neighborhood

The Tri-State Investment Sales Group for Avison Young has been named the exclusive sales agent for 29-33 Meserole Avenue, a 18,320-square-foot industrial distribution facility, in Brooklyn’s Greenpoint neighborhood. The asking price for the property is $10,950,000.

Director Brent Glodowski, Associate Directors Frederick Richter and Chris Johnson, and Senior Associate Alexandra Marolda are marketing the property on behalf of the owner.

“This is a tremendous opportunity to invest in a prime industrial distribution or end user location with three loading bays, cold storage facilities and ample storage space,” Nelson said. “Greenpoint is in high demand and the property at 29 Meserole Avenue offers close proximity to major trucking routes connecting the five boroughs and the tristate area.”

Located on the corner of Banker Street and Meserole Avenue, the building will be delivered vacant and fully built out for industrial use. Along with its reputation as a neighborhood with abundant dining and shopping destinations, Greenpoint is home to both beautiful historic townhomes and brownstones as well as high-rise condominium and co-ops. The area is also bustling with local cafes, bars, and some of New York’s most coveted restaurants. 29 Meserole sits within the Brooklyn Industry and Innovation Plan Area, a small enclave within the neighborhood that maintains the industrial use of the block, which provides job growth opportunities within the industrial sector via the New York Works programs. The program has facilitated several favorable up-zonings for commercial development.

Nestled between Williamsburg and Long Island City, the neighborhood’s central location, proximity to Manhattan and the convenience to major trucking routes has made Greenpoint one of New York City’s highest-profile districts.

The G and L trains are both a short walk away, while bus service and ferry service are available near the property. The Midtown Tunnel, BQE and Williamsburg Bridge are all within blocks of the property, providing vehicle access to all of Brooklyn, as well as Manhattan, Bronx, Queens and Staten Island.