Renovated Two-Story Office
101 Avenue U, Brooklyn, NY 11223
For Sale
Contact for pricing
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 Market128
Property Features for 101 Avenue U
General Information
Standard status
Size
Property subtype
Listing Agency:
Commercial Acquisitions Realty Services
(718) 517-8700
Listed By:
Vadim Atbashyan
(516) 852-1601
Source:
Moodyscre
Added: Jul 7
Changed: Oct 26
Last Checked: Nov 10 at 6:55AM
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
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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 / Yr
$89,813
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
Who owns this building?
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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
$1,063,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Brooklyn, NY
Properties on Market for Office buildings in Brooklyn
Vacancy Rate% for Office in Northeast region
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
