High-Ceiling Warehouse with
106 MELROSE ST, Brooklyn, NY 11206
For Sale
Contact for pricing
A large-format warehouse with soaring ceiling height and mezzanine space, well suited for hospitality, entertainment, or creative concepts.
Property Size4,375 SF
Price / SF$1,599
Days on Market163
Property Features for 106 MELROSE ST
General Information
Standard status
Size
Property subtype
Investment Type
Additional Details
Clear Height
Building Details
Year Built
Year Renovated
Stories
Listing Agency:
FIND Real Estate
Listed By:
ASSAF AMETHYS · License NY #10301209804
Source:
Crexi
Added: Jun 4
Changed: Nov 10
Last Checked: Nov 12 at 7:56AM
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 FIND Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a warehouse-style building featuring an expansive 50' x 100' footprint and soaring ceiling heights exceeding 35 feet, creating substantial vertical volume for adaptable programming. An approximately 1,000-square-foot mezzanine level adds usable secondary space, and there is also an additional third-floor area that can support flexible back-of-house, office, or private-use requirements depending on the operator’s concept.
Set in the heart of Bushwick, Brooklyn, the building is positioned for exposure to local activity and benefit from proximity to major transportation routes. The offering is presented for qualified buyers and operators seeking a distinctive structure within a neighborhood known for art, culture, dining, nightlife, and creative industries.
With its scale and architectural presence, the building is described as well suited for a private members club, destination restaurant, hospitality concept, experiential venue, event space, entertainment use, or a flagship creative headquarters. The combination of large ground-floor volume, mezzanine flexibility, and additional third-floor space supports layouts that can separate public-facing areas from VIP or administrative functions, as needed for the intended use.
Set in the heart of Bushwick, Brooklyn, the building is positioned for exposure to local activity and benefit from proximity to major transportation routes. The offering is presented for qualified buyers and operators seeking a distinctive structure within a neighborhood known for art, culture, dining, nightlife, and creative industries.
With its scale and architectural presence, the building is described as well suited for a private members club, destination restaurant, hospitality concept, experiential venue, event space, entertainment use, or a flagship creative headquarters. The combination of large ground-floor volume, mezzanine flexibility, and additional third-floor space supports layouts that can separate public-facing areas from VIP or administrative functions, as needed for the intended use.
Key Highlights
- Built in 2002 large‑format warehouse with a 50' x 100' footprint
- Ceiling heights exceed 35 feet for significant vertical volume
- Includes an approximately 1,000 SF mezzanine level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$253,575
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,071,500
$5.1M
Cap Rate 7%
$3,622,500
$3.6M
Cap Rate 9%
$2,817,500
$2.8M
Market Conditions
NOI Build-Up for 4,375 SF
Gross rent
$367.5K $84.00/SF
− Vacancy
−$29.4K −$6.72/SF
EGI
$338.1K $77.28/SF
− OpEx
−$84.5K −$19.32/SF
NOI
$253.6K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,071,500
Cap Rate 7%
$3,622,500
Cap Rate 9%
$2,817,500
Alternative Uses
Best Use
Specialty Retail
$3.62M
$3.17M – $4.23M
NOI $253,575 @ 7.0% cap · market cap 3.62%
Second Best
Warehouse
$1.35M
$1.18M – $1.58M
NOI $94,510 @ 7.0% cap · market cap 1.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
35 ft
Clear height
Location Intelligence
Trade Area within ½ mile
6,584
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Brooklyn, NY
Properties on Market for Warehouses in Brooklyn
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Nearby Storage Units - Brooklyn, NY — 623 kosciuszko st, brooklyn, ny 11221
- Nearby Storage Units — 623 kosciuszko st, brooklyn, ny 11221
- CubeSmart Self Storage — 1220 Broadway, Brooklyn, NY 11221
- The ProMovers — 20 Menahan St, Brooklyn, NY 11221
- Warehouse — 436 Evergreen Ave, Brooklyn, NY 11221
Frequently Asked Questions
What type of property is this?
Warehouse - A large-format warehouse with soaring ceiling height and mezzanine space, well suited for hospitality, entertainment, or creative concepts.
Where is this warehouse located?
The property is located at 106 MELROSE ST Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,995,995.
What are key features of this property?
This property features: Built in 2002 large‑format warehouse with a 50' x 100' footprint; Ceiling heights exceed 35 feet for significant vertical volume; Includes an approximately 1,000 SF mezzanine level
