Brooklyn Warehouse with Vacant
857 Meeker Ave Brooklyn, NY 11222
For Sale
$6,999,000
Two-story warehouse with side lot in Greenpoint, Brooklyn.
Property Size10,038 SF
Lot Size0.16 Acres
Price / SF$697.25
Days on Market92
Property Features for 857 Meeker Ave
General Information
- Standard status
- Active
- Size
- 10,038 SF
- Lot size
- 0.16 Acres
- Property subtype
- Industrial
Listing Agency:
Winzone Realty Inc
(718) 676-6611
Listed By:
Xiao Feng Pan
(718) 676-6611
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 4:19AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This two-story brick warehouse is located in the Greenpoint neighborhood of Brooklyn. The corner property features a total of 10,000 square feet and can be delivered vacant. The property includes a 6,950-square-foot side lot with cement pavement. The first floor is suitable for heavy manufacturing. The second floor contains office space. The building has cement floors and three entry gates, each measuring 10 feet by 10 feet, along with two loading docks. There are two street entry gates with dropped curbs accessible from Maker Avenue and Varick St. The total as-built floor area is 10,038 square feet, with a remaining buildable floor area of 13,862 square feet. The roof height is 29 feet, and the ceiling clearance is 12 feet. A wet sprinkler system is in place. The property has heavy electric power with three phases. The location is considered very bikeable with a bike score of 82, a walker's paradise with a walk score of 91, and has excellent transit with a transit score of 85.
Key Highlights
- Vacant corner property with a 10,000 sq ft two‑story brick building and a 6,950 sq ft side lot.
- Significant remaining buildable floor area of 13,862 sq ft.
- First floor is suitable for heavy manufacturing with heavy electric power, three entry gates, and two loading docks.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $267.4k | $26.64 |
| − Vacancy | −$12.3k | −$1.23 |
| EGI | $255.1k | $25.41 |
| − OpEx | −$38.3k | −$3.81 |
| NOI | $216.8k | $21.60 |
10,038 SF · lease $26.64/SF/yr · vacancy 4.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.10M
$2.71M – $3.61M
NOI $216,845 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$2.55M
$2.23M – $2.98M
NOI $178,578 @ 7.0% cap · market cap 2.55%
Theoretical Best
Specialty Retail
$8.31M
$7.27M – $9.70M
NOI $581,802 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar Off Market Nearby
- Crozier Fine Arts — 106 Bayard St, Brooklyn, NY 11222
- Arrow — 505 morgan ave, brooklyn, ny 11222
- Moving Williamsburg — 444 Graham Ave, Brooklyn, NY 11211
- Lou Moves You — 109 S 5th St Floor 1, Brooklyn, NY 11249
- U-Pack — 414 Maspeth Ave, Brooklyn, NY 11211
FAQs
What type of property is this?
Warehouse - Two-story warehouse with side lot in Greenpoint, Brooklyn.
Where is this warehouse located?
The property is located at 857 Meeker Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,999,000.
What are key features of this property?
This property features: Vacant corner property with a **10,000 sq ft two‑story brick building** and a 6,950 sq ft side lot.; Significant remaining buildable floor area of 13,862 sq ft.; First floor is **suitable for heavy manufacturing** with heavy electric power, three entry gates, and two loading docks.
