585 Meserole Street, Brooklyn, NY, 11237 | $11,500,000

Welcome to 585 Meserole Street Industrial Warehouse in East Williamsburg that does not come to market often. This freestanding warehouse totaling approximately 19, 800 square feet of buildable, functional industrial space, situated in an M3-1 zone is one of the most permissive manufacturing designations in the NYC zoning framework. The property's M3-1 classification supports a broad range of heavy industrial, warehousing, logistics, and manufacturing uses, while its East Williamsburg location places it at the intersection of two of Brooklyn's most active commercial corridors. Property features 20-foot clear ceiling height and two built-in walk-in freezers — each measuring approximately 30 by 45 feet (2, 700 SF combined cold storage capacity) The cold storage infrastructure alone represents a significant capital investment that would cost a tenant or buyer well into six figures to replicate, making this property a direct fit for food distribution, pharmaceutical cold chain, floral, specialty grocery, and perishable logistics operators. 585 Meserole offers a highly specified industrial platform that narrows the competitive set to near zero within the immediate submarket. Served by the J/M trains at Kosciuszko Street and the L train at Grand Street, providing direct connectivity to Manhattan and inter-borough logistics corridors. Positioned within the East Williamsburg / Bushwick industrial zone, one of Brooklyn's most active concentrations of M-zoned properties, adjacent to established warehousing, distribution, and light manufacturing operators. Very close to the Brooklyn-Queens Expressway (I-278) and the elevated Myrtle Avenue corridor, supporting truck access and regional freight movement. Updated Property Highlights: *19, 800 SF freestanding industrial warehouse * 1, 675 SF built-out office space — day-one operational readiness * 18, 125 SF net warehouse floor (gross building SF net of office) * 20-foot clear ceiling height — above-market specification for Brooklyn warehouse stock *Two walk-in freezers | 2, 700 SF combined cold storage * M3-1 zoning — maximum permitted use flexibility, no variance required * East Williamsburg location — established industrial corridor, proximate to BQE/I-278 * J/M trains at Kosciuszko Street | L train at Grand Street

Features

  • Property Type: Warehouse
  • Construction: Block
  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Trash Collection Private, Trash Collection Public, Water Available, Water Connected
  • Heating: Natural Gas
  • Cooling: Zoned
  • Year Built: 1980
  • Acreage: 0.51
  • Est. Taxes: $92,285
  • Elem. School: Brooklyn Arbor Elementary School
  • Middle School: Jhs 50 John D Wells
  • High School: Brooklyn Latin School (The)
  • School District: Community District 14
  • MLS#: 1017539
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/1017539/585meserolestreet_brooklyn_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Trademarko Realty Inc   Phone: 718-502-5141

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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585 Meserole Street, Brooklyn, NY, 11237

$11,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $9,200,000 $9,200,000 $9,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.086% 6.183%
Monthly Tax Payment $7,690 $7,690 $7,690
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $52,237 $55,159 $77,635
Total Monthly Payment $60,052 $62,974 $85,450

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.