Renovated Two-Story Office
For Sale
Contact for pricing
101 Avenue U, Brooklyn, NY 11223
Fully renovated two-story office building delivered vacant with built-in handicap lift and full-size basement.
Property Size3,600 SF
Price / SF$541.67
Days on Market32
Property Features for 101 Avenue U
General Information
Standard status
Active
Size
3,600 SF
Property subtype
OFFICE
Listing Agency:
Commercial Acquisitions Realty Services
(516) 852-1601
Listed By:
Vadim Atbashyan
Source:
Moodyscre
Added: Jul 7
Changed: Jul 26
Last Checked: Aug 6 at 11:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Acquisitions Realty Services
Investment Insights
Based on property information with market context.
This fully renovated two-story office building is delivered vacant and ready for immediate occupation or renovation planning. The property includes a full-size basement and a built-in handicap lift for improved accessibility. First-floor space totals 2,000 SF, with an additional 1,600 SF on the second floor.
The building offers approximately 20' of frontage on Avenue U and is described as being steps from a train station. The surrounding area is characterized as having major businesses.
With dedicated floor-by-floor space and a full basement, the layout is straightforward for an owner-user seeking multiple levels or for investors evaluating a multi-floor office configuration.
The building offers approximately 20' of frontage on Avenue U and is described as being steps from a train station. The surrounding area is characterized as having major businesses.
With dedicated floor-by-floor space and a full basement, the layout is straightforward for an owner-user seeking multiple levels or for investors evaluating a multi-floor office configuration.
Key Highlights
- Fully renovated two‑story office building delivered vacant
- Built‑in handicap lift
- 1st floor offers 2,000 SF; 2nd floor offers 1,600 SF
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
$89,813
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
4.61%
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%
$1,796,260
$1.8M
Cap Rate 7%
$1,283,043
$1.3M
Cap Rate 9%
$997,922
$997.9K
Market Conditions
NOI Build-Up for 3,600 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
$155.5K $43.20/SF
− Vacancy
−$35.8K −$9.94/SF
EGI
$119.8K $33.26/SF
− OpEx
−$29.9K −$8.32/SF
NOI
$89.8K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,796,260
Cap Rate 7%
$1,283,043
Cap Rate 9%
$997,922
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.50M
NOI $89,813 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully renovated two-story office building delivered vacant with built-in handicap lift and full-size basement.
Where is this office building located?
The property is located at 101 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Fully renovated two‑story office building delivered vacant; Built‑in handicap lift; 1st floor offers 2,000 SF; 2nd floor offers 1,600 SF
