Brooklyn Industrial Warehouse on
For Sale
$7,300,000
Pending
6124 6th Ave, Brooklyn, NY 11220
One-story industrial warehouse in Sunset Park, Brooklyn for sale.
Property Size10,000 SF
Days on Market109
Property Features for 6124 6th Ave
General Information
Standard status
Pending
Size
10,000 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$57,778
Building Details
Building Size
10,000 SF
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
MeiJuan (Mandy) Jiang
(718) 680-2776
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 9 at 9:57AM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
Located in the heart of Sunset Park, Brooklyn, this one-story industrial warehouse occupies a prime corner location. The property is situated within an M1-1 zoning district. The building features a barrel roof design, providing higher clear ceiling height at the center. The wide-open interior layout is suitable for warehouse, light manufacturing, storage, logistics/distribution, auto-related uses, and industrial-related wholesale showroom use. The property offers three street-level roll-up loading doors—one on 61st Street and two on 6th Avenue—providing loading efficiency and flexible traffic flow. There are 4 separate entry/exit doors, allowing for operational flexibility, potential subdivision, or multiple workflows. Positioned along a key corridor with access to BQE / I-278, the property benefits from visibility, transportation access, and logistics connectivity. The location has a bike score of 73, indicating it is very bikeable, a walk score of 74, indicating it is very walkable, and a transit score of 79, indicating excellent transit.
Key Highlights
- Prime corner location in Sunset Park, Brooklyn, with M1‑1 industrial zoning.
- Three street‑level roll‑up loading doors** (one on 61st Street, two on 6th Avenue).
- Strategic location with convenient access to BQE / I‑278.
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
$252,470
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
3.46%
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%
$5,049,400
$5.0M
Cap Rate 7%
$3,606,714
$3.6M
Cap Rate 9%
$2,805,222
$2.8M
Market Conditions
NOI Build-Up for 10,000 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
$312.0K $31.20/SF
− Vacancy
−$15.0K −$1.50/SF
EGI
$297.0K $29.70/SF
− OpEx
−$44.6K −$4.46/SF
NOI
$252.5K $25.25/SF
Area
ZIP 11220
Vacancy
4.80%
Lease Rate
$31.20 /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%
$5,049,400
Cap Rate 7%
$3,606,714
Cap Rate 9%
$2,805,222
Alternative Uses
Best Use
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,470 @ 7.0% cap · market cap 3.46%
Second Best
Industrial
$3.19M
$2.79M – $3.72M
NOI $223,205 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,792 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,697
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - One-story industrial warehouse in Sunset Park, Brooklyn for sale.
Where is this warehouse located?
The property is located at 6124 6th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: Prime corner location in Sunset Park, Brooklyn, with M1‑1 industrial zoning.; Three street‑level roll‑up loading doors** (one on 61st Street, two on 6th Avenue).; Strategic location with convenient access to BQE / I‑278.
