Two-Story Warehouse with Truck
259 48th Street Brooklyn, NY 11220
For Sale
$3,780,000
COMMERCIAL - Brooklyn, NY
Property Size7,000 SF
Lot Size0.12 Acres
Price / SF$540
Days on Market48
Property Features for 259 48th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M1-2D
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 41797
Building Details
- Year built
- 1985
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
Fang Fang Realty Inc
(718) 676-2518
Listed By:
Hong (Andy) Pan
(718) 676-2518
Added: Jun 9
Last Checked: Jul 26 at 1:06AM
MLS# 502141
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 for-sale warehouse includes two floors of space totaling approximately 7,000 square feet, with about 5,000 square feet on the ground level and an additional 2,000 square feet on the second floor. The facility has 24-foot-high ceilings and is designed to support flexible warehouse, distribution, and storage operations.
The property sits on a lot size of approximately 0.1169 acres and includes a 400-amp power roll-up gate for truck entry and loading. It is located near N, R, and W subway stations, with B11 and B37 bus stops nearby, supporting convenient access for deliveries and daily transportation.
For a business or investor looking for warehouse space in Brooklyn, this property provides a straightforward two-level configuration with direct loading access through the powered roll-up gate.
The property sits on a lot size of approximately 0.1169 acres and includes a 400-amp power roll-up gate for truck entry and loading. It is located near N, R, and W subway stations, with B11 and B37 bus stops nearby, supporting convenient access for deliveries and daily transportation.
For a business or investor looking for warehouse space in Brooklyn, this property provides a straightforward two-level configuration with direct loading access through the powered roll-up gate.
Key Highlights
- Approximately 7,000 SF total: 5,000 SF ground floor plus 2,000 SF second floor
- Building and lot size of 50x100 with 24‑foot‑high ceilings
- Brick construction with a flat roof; built in 1985
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 | $218.4k | $31.20 |
| − Vacancy | −$10.5k | −$1.50 |
| EGI | $207.9k | $29.70 |
| − OpEx | −$31.2k | −$4.46 |
| NOI | $176.7k | $25.25 |
7,000 SF · lease $31.20/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.52M
$2.21M – $2.95M
NOI $176,729 @ 7.0% cap · market cap 4.68%
Second Best
Industrial
$2.23M
$1.95M – $2.60M
NOI $156,243 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$4.54M
$3.97M – $5.29M
NOI $317,654 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
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FAQs
What type of property is this?
Warehouse - Two-story warehouse offering ground-floor and second-floor space with 24-foot-high ceilings and a 400-amp roll-up gate.
Where is this warehouse located?
The property is located at 259 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,780,000.
What are key features of this property?
This property features: Approximately 7,000 SF total: 5,000 SF ground floor plus 2,000 SF second floor; Building and lot size of 50x100 with 24‑foot‑high ceilings; Brick construction with a flat roof; built in 1985
