Red Hook warehouse with 200K buildable sf asks $38M

One-story building along Gowanus Canal is just south of the Red Hook Ball Fields

From left: 724-744 Clinton Street in Red Hook and Sunshine Lighting trucks (inset: David Junik)
From left: 724-744 Clinton Street in Red Hook and Sunshine Lighting trucks (inset: David Junik)

A Red Hook warehouse offering 200,000 buildable square feet is up for grabs.

Sunshine Lighting, a wholesale supplier of bulbs and lamps, is putting the property near Halleck Street on the market for $38 million.

The one-story building sits on two adjacent lots at 724-742 and 744 Clinton Street. Sunshine has owned and fully occupied the 100,000-square-foot industrial space since 2005, when it paid $9.3 million.

The owner has extensively renovated the property, including installing a new roof. There are 22-foot-high ceilings and 17 loading docks. The site, which runs the Gowanus Canal and is just south of the Red Hook Ball Fields, is zoned for commercial use.

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Pinnacle Realty’s David Junik is marketing the building. The asking price comes to $190 per buildable square foot.

Developers have been increasingly targeting the neighborhood for projects. Los Angeles-based Italian developer Est4te Four is planning a 1.1 million-square-foot office complex there, and also acquired four waterfront properties last year for a total of $30 million.