Multi-Level Warehouse with
For Sale
$2,500,000
133 29th Street, Brooklyn, NY 11232
COMMERCIAL - Brooklyn, NY
Property Size4,675 SF
Lot Size0.06 Acres
Price / SF$534.76
Days on Market89
Property Features for 133 29th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-2D
Basement
Unfinished
Subdivision
Sunset Park
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
Changed: Aug 4
Last Checked: Sep 5 at 9:06AM
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.
This multi-level warehouse provides a practical mix of work and storage areas across three levels. The first floor contains 2,500 square feet with 20-foot ceilings, while the second floor offers 2,000 square feet and access to a terrace. A 1,000-square-foot basement adds supplementary storage capacity. The building has brick construction, concrete flooring, and a flat roof.
The property is located at 133 29th Street in Brooklyn, NY, within the 11232 postal area. Zoning is designated M1-2D. The first-floor lease has five years remaining, providing an existing occupancy term for that portion of the building.
The property is located at 133 29th Street in Brooklyn, NY, within the 11232 postal area. Zoning is designated M1-2D. The first-floor lease has five years remaining, providing an existing occupancy term for that portion of the building.
Key Highlights
- 2,500 SF first floor with 20‑foot high ceilings
- 2,000 SF second floor with an additional terrace
- 1,000 SF basement provides additional space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,019,820
$2.0M
Cap Rate 7%
$1,442,729
$1.4M
Cap Rate 9%
$1,122,122
$1.1M
Market Conditions
NOI Build-Up for 4,675 SF
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.
Gross rent
$124.5K $26.64/SF
− Vacancy
−$5.7K −$1.23/SF
EGI
$118.8K $25.41/SF
− OpEx
−$17.8K −$3.81/SF
NOI
$101.0K $21.60/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,019,820
Cap Rate 7%
$1,442,729
Cap Rate 9%
$1,122,122
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,991 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3,665
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Downtown Self Storage Units — 886 5th Ave #1f, Brooklyn, NY 11232
- my box moving — 210 42nd St, Brooklyn, NY 11232
- Mobile Self Storage — 210 42nd St, Brooklyn, NY 11232
- Manhattan Mini Storage — 980 4th Ave, Brooklyn, NY 11232
- Braha Moving Systems — 254 36th St Suite B515, Brooklyn, NY 11232
Frequently Asked Questions
What type of property is this?
Warehouse - Brick warehouse with high-clearance first-floor space, an upper-level terrace, and additional basement storage.
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: 2,500 SF first floor with 20‑foot high ceilings; 2,000 SF second floor with an additional terrace; 1,000 SF basement provides additional space
