88 Apollo St
Brooklyn, NY 11222
Warehouse- Avail Individually or as Package · Industriel/Logistique Bien À vendre

82/84/86/88 Apollo Street—a prime portfolio of four contiguous industrial warehouses located in the dynamic core of Greenpoint, Brooklyn. Comprising 18,080 Sq. Ft. of single-story industrial space across four contiguous buildings, this assemblage boasts 197’ of exceptional street frontage between Norman and Nassau Avenues, offering rare scale and prominent street presence within North Brooklyn’s tightly constrained industrial market. Strategically situated just two blocks from McGuinness Boulevard, the properties offer immediate connectivity to major thoroughfares including the Brooklyn-Queens Expressway (BQE), Williamsburg Bridge, and Midtown Tunnel—providing seamless logistics routes to the rest of Brooklyn, Queens, Manhattan, Long Island, JFK, and major Shipping Terminals. Additionally, the assets benefit from exceptional proximity to vibrant residential, commercial, and creative communities served by the G and L subway lines, multiple bus routes, and the nearby NYC Ferry. Currently fully leased to four stable tenants, the portfolio generates a gross annual income of $303,456 ($17 PSF) and delivers a net operating income (NOI) of $182,280. With lease expirations staggered
strategically between October 2026 and February 2027, the assets provide secure near-term cash flow coupled with significant upside potential through clear mark-to-market rent opportunities ($35 psf). With flexible M1-2 zoning (2.0 FAR), the site can immediately support up to 36,160 Sq. Ft. of Commercial ZFA with the potential to expand up to 86,784 Sq. Ft. (4.8 FAR) for Community-Facility use—unlocking multiple paths for value creation. Investors, Owner-Users and developers can capitalize on this scale to establish last-mile logistics hubs, creative production spaces, or pursue vertical expansion and comprehensive redevelopment to fully realize the asset’s highest and best use.
AVAILABLE INDIVIDUALLY OR AS A PACKAGE!