Two-Level Warehouse with
133 29th Street Brooklyn, NY 11232
133 29th Street, Brooklyn, NY, 11232
$2,500,000
For Sale
$2,500,000
COMMERCIAL - Brooklyn, NY
Property Size4,675 SF
Lot Size0.06 Acres
Price / SF$534.76
Days on Market44
Property Features for 133 29th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M1-2D
- Basement
- Unfinished
- Standard status
- Active
- Size
- 4,675 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 23000
Building Details
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- Brick
- Roof type
- Flat
Listing agency
BHHS Fillmore R.E.
(718) 377-6161
Listed by
Gus Ktistakis
(718) 368-2500
Added: Jun 9 Updated: Jun 10 at 12:39PM Checked: Jul 22 at 3:06AM
MLS# 502167
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a modern warehouse built for functional, multi-level operations. The first-floor space is 2,500 square feet with 20-foot high ceilings and is currently leased with five years remaining at $6,500 per month. The second-floor space totals 2,000 square feet and includes an additional terrace, currently generating $4,500 per month. An additional 1,000 square feet of basement space provides further utility.
Located at 133 29th Street in Brooklyn, NY 11232, the asset is zoned M1-2D (per the listing information). Lot size is 0.0575 acres, and the total property size is listed at 4,675 square feet.
This configuration is well suited for investors looking for a warehouse structure with multiple income-generating levels under existing leases, as reflected by the first- and second-floor rental figures provided in the remarks. It may also appeal to operators who want multi-level warehouse space with significant ceiling height on the primary floor, supported by the presence of both terrace and basement areas within the overall building footprint.
Located at 133 29th Street in Brooklyn, NY 11232, the asset is zoned M1-2D (per the listing information). Lot size is 0.0575 acres, and the total property size is listed at 4,675 square feet.
This configuration is well suited for investors looking for a warehouse structure with multiple income-generating levels under existing leases, as reflected by the first- and second-floor rental figures provided in the remarks. It may also appeal to operators who want multi-level warehouse space with significant ceiling height on the primary floor, supported by the presence of both terrace and basement areas within the overall building footprint.
Key Highlights
- Warehouse in Greenwood with brick construction, concrete flooring, and a flat roof
- First floor totals 2,500 SF with 20‑foot high ceilings and remaining lease term of 5 years at $6,500/month
- Second floor totals 2,000 SF with an additional terrace and current income of $4,500/month
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.5k | $26.64 |
| − Vacancy | −$5.7k | −$1.23 |
| EGI | $118.8k | $25.41 |
| − OpEx | −$17.8k | −$3.81 |
| NOI | $101.0k | $21.60 |
4,675 SF · lease $26.64/SF/yr · vacancy 4.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,991 @ 7.0% cap · market cap 4.04%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,169 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$3.87M
$3.39M – $4.52M
NOI $270,963 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATN LCD DISTRIBUTION
Big Box & Wholesale Store
Brooklyn Veterinarian
Veterinary Clinic
Freewa of USA Corporation
General Contractor
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FAQs
What type of property is this?
Warehouse - Income-producing warehouse with high ceilings and terrace space, plus additional basement area.
Where is this warehouse located?
The property is located at 133 29th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Warehouse in Greenwood with brick construction, concrete flooring, and a flat roof; First floor totals 2,500 SF with 20‑foot high ceilings and remaining lease term of 5 years at $6,500/month; Second floor totals 2,000 SF with an additional terrace and current income of $4,500/month
