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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
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Our Executive Mortgage Banker:
$11,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| 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.