Industrial Warehouse
1250 Metropolitan Avenue, Brooklyn, NY 11237
For Sale
Contact for pricing
The M3-1-zoned space is in East Williamsburg, with proposed uses subject to independent verification and required approvals.
Property Size2,300 SF
Price / SF$2.17
Days on Market45
Property Features for 1250 Metropolitan Avenue
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
Chase Global Realty Corp
(718) 355-8788
Listed By:
Ping Wang · License NY #10401388721
(646) 301-7453
Source:
Neilcharlesrealestate
Added: Oct 1
Changed: Nov 13
Last Checked: Nov 13 at 3:37PM
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 Chase Global Realty Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,300-square-foot commercial and industrial space is located in East Williamsburg. The property was built in 1953 and carries an M3-1 zoning designation. Potential uses identified for the space include warehouse, wholesale, distribution, production, and select commercial activities; prospective occupants should confirm that any intended use is permitted and that all necessary approvals and certificates are in place.
Key Highlights
- 2,300 SF of commercial and industrial space
- M3‑1 zoning designation
- Built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,685
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,700
$993.7K
Cap Rate 7%
$709,786
$709.8K
Cap Rate 9%
$552,056
$552.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$61.3K $26.64/SF
− Vacancy
−$2.8K −$1.23/SF
EGI
$58.5K $25.41/SF
− OpEx
−$8.8K −$3.81/SF
NOI
$49.7K $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 Rate 5%
$993,700
Cap Rate 7%
$709,786
Cap Rate 9%
$552,056
Alternative Uses
Best Use
Warehouse
$709.8K
$621.1K – $828.1K
NOI $49,685 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,308 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
3,053
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Brooklyn, NY
Properties on Market for Warehouses in Brooklyn
Vacancy Rate% for Industrial in Northeast region
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- THE WILLIAMSBURG BUSHWICK DOCK — 200 Morgan Ave, Brooklyn, NY 11237
Frequently Asked Questions
What type of property is this?
Warehouse - The M3-1-zoned space is in East Williamsburg, with proposed uses subject to independent verification and required approvals.
Where is this warehouse located?
The property is located at 1250 Metropolitan Avenue Brooklyn, NY.
What are key features of this property?
This property features: 2,300 SF of commercial and industrial space; M3‑1 zoning designation; Built in 1953
