Warehouse with High-Clearance
For Sale
$3,780,000
259 48th Street, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size7,000 SF
Lot Size0.12 Acres
Price / SF$540
Days on Market93
Property Features for 259 48th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-2D
Subdivision
Sunset Park
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
Listed By:
Hong (Andy) Pan
(718) 676-2518
Added: Jun 9
Changed: Aug 20
Last Checked: Sep 9 at 7:06PM
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 brick warehouse contains approximately 7,000 square feet across two levels, with 5,000 square feet on the ground floor and 2,000 square feet upstairs. The building features 24-foot ceilings, a 400-amp electrical service, and a roll-up gate that allows large trucks to enter for loading and unloading. The flat-roof structure was built in 1985.
Zoned M1-2D, the property occupies a 0.1169-acre lot at 259 48th Street in Brooklyn. Transit access includes the N, R, and W subway stations, along with the B11 and B37 bus stops. The configuration is suited to warehouse, storage, business, and distribution operations identified in the property information.
Zoned M1-2D, the property occupies a 0.1169-acre lot at 259 48th Street in Brooklyn. Transit access includes the N, R, and W subway stations, along with the B11 and B37 bus stops. The configuration is suited to warehouse, storage, business, and distribution operations identified in the property information.
Key Highlights
- Approximately 7,000 square feet across two levels
- 5,000‑square‑foot ground floor plus 2,000‑square‑foot second floor
- 24‑foot‑high ceilings
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
$176,729
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
4.68%
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%
$3,534,580
$3.5M
Cap Rate 7%
$2,524,700
$2.5M
Cap Rate 9%
$1,963,656
$2.0M
Market Conditions
NOI Build-Up for 7,000 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
$218.4K $31.20/SF
− Vacancy
−$10.5K −$1.50/SF
EGI
$207.9K $29.70/SF
− OpEx
−$31.2K −$4.46/SF
NOI
$176.7K $25.25/SF
Area
ZIP 11220
Vacancy
4.80%
Lease Rate
$31.20 /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%
$3,534,580
Cap Rate 7%
$2,524,700
Cap Rate 9%
$1,963,656
Alternative Uses
Best Use
Warehouse
$2.52M
$2.21M – $2.95M
NOI $176,729 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,108
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Brick warehouse with multi-level space, substantial electrical service, and direct truck access for loading and unloading.
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 square feet across two levels; 5,000‑square‑foot ground floor plus 2,000‑square‑foot second floor; 24‑foot‑high ceilings
