Warehouse with Mezzanine
For Sale
Contact for pricing
1026 Sheffield Avenue, Brooklyn, NY 11207
Industrial space pairs warehouse capacity with a finished office area and drive-in loading.
Property Size8,000 SF
Lot Size0.18 Acres
Price / SF$425
Days on Market10
Property Features for 1026 Sheffield Avenue
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.18 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
25 ft
Office Build-Out
500 SF
Mezzanine
500 SF
Power
1,200 amps
Three-Phase Power
Yes
Additional Details
Asking Price
$3,400,000
Building Details
Year Built
2009
Buildings
1
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Jakub Nowak · License #NY 10301211147
(646) 345-7000
Source:
Crexi
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 24 at 2:46PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
Built in 2009, this industrial warehouse contains approximately 8,000 square feet, plus a 500-square-foot finished mezzanine office. The main floor offers clear heights ranging from 22 to 25 feet, with drive-in loading through a gate with 14 feet of clearance. Electrical service is 1,200-amp, three-phase. The property occupies an 80-by-100-foot lot at 1026 Sheffield Avenue in Brooklyn. Warehousing and wholesale operations are identified as potential uses, along with permitted light manufacturing.
Key Highlights
- Approximately 8,000‑square‑foot warehouse with a 500‑square‑foot mezzanine office
- Main‑floor clear heights of 22 to 25 feet
- Drive‑in loading with 14‑foot gate clearance
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
$172,819
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
5.08%
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%
$3,456,380
$3.5M
Cap Rate 7%
$2,468,843
$2.5M
Cap Rate 9%
$1,920,211
$1.9M
Market Conditions
NOI Build-Up for 8,000 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
$213.1K $26.64/SF
− Vacancy
−$9.8K −$1.23/SF
EGI
$203.3K $25.41/SF
− OpEx
−$30.5K −$3.81/SF
NOI
$172.8K $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%
$3,456,380
Cap Rate 7%
$2,468,843
Cap Rate 9%
$1,920,211
Alternative Uses
Best Use
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,819 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.62M
$5.80M – $7.73M
NOI $463,680 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
25 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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 - Industrial space pairs warehouse capacity with a finished office area and drive-in loading.
Where is this warehouse located?
The property is located at 1026 Sheffield Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Approximately 8,000‑square‑foot warehouse with a 500‑square‑foot mezzanine office; Main‑floor clear heights of 22 to 25 feet; Drive‑in loading with 14‑foot gate clearance
