Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    858C 62Nd St Brooklyn, NY 11220

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10,000 /Mo

    2,800 sqft warehouse with parking in Sunset Park.

    Lot size:
    0.09 Acres

    Property Features for 858C 62Nd St

    General Information

    Property type
    Industrial
    Standard status
    Active
    Lot size
    0.09 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Richard Matt Shane
    Source: Elliman

    Listing Agency: All Island Estates Realty Corp Listing Agent: Richard Matt Shane

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Sunset Park Warehouse with Parking

    This 2,800 sqft warehouse is available for lease in Sunset Park. The property features M1-1 zoning, excellent signage, and high 16’ ceilings. It includes 6 parking spaces, a roll-up drive-in door, 3-phase power, a security system, and a large driveway. The space also has all new LED lighting and CAC. Located in the heart of Sunset Park, the property is situated 4 blocks off I-278 and minutes from the Verrazzano Bridge. Nearby neighbors include Chase Bank, Audi, BMW, Jeep-Dodge-Ram, Hyundai, Mazda, Starbucks, USPS, P.C. Richard & Son, Costco, Extra Space Storage, NYU Langone, Outback Steakhouse, Dunkin’, OrangeTheory Fitness, ShopRite, Staples, Wendy’s, Pollo Campero, and KFC. The property is suitable for end-users.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Stop and Stor Bay Ridge / Sunset Park, Backrich Storage Facility, Stasher - Luggage Storage New York Brooklyn, Self Storage, ​Preferred Self Storage Unit

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.010398
    Latitude
    40.63386

    Nearby Similar for Lease

    • $5,450 /Mo
      3,000 SF

      Midwood Medical Office Space Available

      Medical office space for rent in the heart of Midwood.
      2000 Kings Hwy, Brooklyn, NY 11229
      View Details
    • $4,950 /Mo
      3,001 SF

      Professional Office Space in Brooklyn

      High-end, ready-to-move-in office space near Kings Highway.
      1718 E 17Th St, Brooklyn, NY 11229
      View Details
    • $39,000
      14,500 SF

      Prime Bensonhurst Commercial Space Available

      Massive commercial space in high-traffic area with flexible layout.
      1857 86Th St, Brooklyn, NY 11214
      View Details
    • $4,500 /Mo
      1,200 SF

      Functional Medical Office in Brooklyn

      Prime medical office space in a highly visible Brooklyn location.
      364 97Th St, Brooklyn, NY 11209
      View Details
    • $6,400 /Mo
      1,600 SF

      Red Hook Corner Commercial Space

      Unique retail/flex space in Red Hook's thriving corridor.
      251 Van Brunt St, Brooklyn, NY 11231
      View Details
    • $5,650 /Mo
      1,200 SF

      Adaptable Retail + Creative Space

      Corner retail and creative space in East Williamsburg, Brooklyn.
      282 Scholes St, Brooklyn, NY 11206
      View Details
    • New
      $4,995 /Mo
      1,000 SF

      Charming Brooklyn Office Space

      Spacious 2.5BR office with updated kitchen and luxurious bathroom.
      351 7Th Ave, Brooklyn, NY 11215
      View Details
    • $6,500 /Mo
      2,500 SF

      Brooklyn Commercial Building for Lease

      2,500 SF commercial building in trendy Bushwick location.
      407 Johnson Ave, Brooklyn, NY 11206
      View Details
    • $8,000 /Mo
      4,153 SF

      Williamsburg Mixed-Use Commercial Space

      4,153 SF space ideal for fitness, wellness, or medical.
      467 Keap St, Brooklyn, NY 11211
      View Details
    • New
      $3,750 /Mo
      800 SF

      Clinton Hill Carriagehouse Loft

      Unique 800 SF live/work loft in Brooklyn carriagehouse.
      294 Grand Ave, Brooklyn, NY 11238
      View Details
    • $3,850 /Mo
      1,540 SF

      Brighton Beach Medical Office Suite

      Turn-key medical suite in a high-demand Brooklyn neighborhood.
      2833 Ocean Pkwy, Brooklyn, NY 11235
      View Details
    • $12,000 /Mo
      3,100 SF

      Sunset Park Commercial Space

      Spacious 3,100 sq ft commercial space in Sunset Park.
      843 52Nd St, Brooklyn, NY 11220
      View Details

    FAQs

    What type of property is this?
    Warehouse - 2,800 sqft warehouse with parking in Sunset Park.
    Where is this warehouse located?
    The property is located at 858C 62Nd St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $10,000 /Mo.
    What are key features of this property?
    This property features: - M1-1 Zoning suitable for a variety of business uses.; - 2,800 Sqft. warehouse space available for lease.; - **Excellent location in the heart of Sunset Park, close to I-278 and the Verrazzano Bridge.**
    (516) 783-5600
    Request Owner's contact information
    858C 62Nd St Brooklyn, NY 11220
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    858C 62Nd St
    Brooklyn, NY 11220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    858C 62Nd St Brooklyn, NY 11220
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Richard Matt Shane
    Real Estate License ID: 10301216230
    (516) 783-5600 (516) 279-8828
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!