Saturday, August 1, 2015

Marcus & Millichap Lists Warehouse in Brooklyn’s Williamsburg Neighborhood


154 Scott Avenue Warehouse,
East Williamsburg Neighborhood
Brooklyn, NY
BROOKLYN, NY – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announces the listing of a warehouse facility located at 154 Scott Avenue in the East Williamsburg section of Brooklyn. 

The property is located between Scholes and Randolph Streets.

            The listing agents are Jakub Nowak and Jim McGuckin, both of the firm’s Brooklyn office.

            “This turnkey warehouse building is ripe for conversion, and offers investors and developers the unique opportunity to purchase a sizable and completely unencumbered commercial asset,” says Nowak.

Jakub Nowak
The five-story industrial building is currently owner occupied and being used for light manufacturing, warehousing and distribution. 

The subject property will be delivered vacant and features 99,940 square feet of rentable space. The building stands on a M3-1 zoned, 21,048 square foot lot.

“Investors and owner-users will be able to capitalize on rising commercial and office rents in this part of East Williamsburg by repositioning the asset and taking advantage of a growing supply and demand disparity in the local commercial market,” says McGuckin.

154 Scott Avenue features 14-foot ceilings, multiple loading docks, two freight elevators and heavy power throughout. Its location allows for easy access to the Jefferson Street "L" train and to I-278 (BQE).

For a complete copy of the company’s news release, please contact:

Gina Relva
Public Relations Manager

(925) 953-1716

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