40 KENNEDY ROAD
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Location
40 KENNEDY ROAD
Mblu
122/ 9/ / /
Acct#
49800040
Owner
456 SULLIVAN AVE LLC
Assessed Value
$21,929,110
Appraisal
$31,327,300
PID
1414
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$25,590,800$5,736,500$31,327,300
Assessment
Valuation YearImprovementsLandTotal
2025$17,913,510$4,015,600$21,929,110

Owner of Record
Owner456 SULLIVAN AVE LLC
Co-OwnerC/O METRO REALTY ASSOC LLC
Address555 MADISON AVE 6TH FLOOR
NEW YORK, NY 10022
Sale Price$50,000,000
Certificate
Book & Page 2841/0255
Sale Date02/23/2021
Instrument03

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
456 SULLIVAN AVE LLC$50,000,000 2841/02550302/23/2021
FEM SULLIVAN ROAD LLC$32,200,000 2311/01682401/11/2013
SUNCAP WINDSOR LLC$6,082,300 2219/00163111/18/2011
LUCK FIVE LLC$0 1783/02080312/30/2005
CHARBONNEAU ANDRE L$475,000 0438/05780006/24/1986

Building Information
Building 1 : Section 1
Year Built: 2013
Living Area: 301,011
Replacement Cost: $29,527,464
Building Percent Good: 94
Replacement Cost
Less Depreciation:
$27,755,800
Building Attributes
FieldDescription
Style:Dist. Whs.
ModelInd/Comm
GradeB
Stories:1
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2 
Roof StructureGable
Roof CoverMetal
Interior Wall 1Minimum
Interior Wall 2 
Interior Floor 1Concrete
Interior Floor 2 
Heating FuelGas
Heating TypeSpace
% Central Air3
FoundationPoured Conc
Bldg UseIndustrial
Total Rooms 
Total Bedrms 
Total Fixtures 
% Wet Sprinkler73
% Dry Sprinkler 
1st Floor Use 
Heat/ACHEAT/AC SPLIT
Frame TypeSTEEL
Baths/PlumbingAVERAGE
% Finished100
ClassS
Wall Height35.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 291,891 291,891
AOFOffice 9,120 9,120
   301,011 301,011

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1Sprinklers-Wet220715.00 S.F.$166,0001

Land
Land Use
Use Code301
DescriptionIndustrial  
ZoneI
NeighborhoodC600
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)60.83
Frontage630
Depth0
Total Market Land$4,015,600
Appraised Value$5,736,500

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PavingASAsphalt827640.00 S.F.$931,1001
FN1Fence  6000.00 L.F.$27,0001
LT10W/Double Light  36.00 UNITS$56,7001
GRDHGuard House  1896.00 S.F.$177,8001
CNPGGas Canopy  1500.00 S.F.$28,1001
TNK3Gt-10,000  20000.00 GALS$5,5001
PAV1PavingASAsphalt87300.00 S.F.$98,2001
CUBCommercial Mtl Bldg  5100.00 S.F.$143,4001
GRDHGuard House  2494.00 S.F.$327,3001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$25,590,800$5,736,500$31,327,300
2024$25,263,500$5,736,500$31,000,000
2023$29,389,600$5,736,500$35,126,100

Assessment
Valuation YearImprovementsLandTotal
2025$17,913,510$4,015,600$21,929,110
2024$17,684,400$4,015,600$21,700,000
2023$20,572,900$4,015,600$24,588,500

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