Flex Space with 13-Foot
For Sale
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1317 36th St, New York, NY 11218
Open flex space with 13-foot ceilings and split AC units, suited for adaptable layouts under flexible terms.
Property Size1,160 SF
Price / SF$3.34
Days on Market151
Property Features for 1317 36th St
General Information
Standard status
Active
Size
1,160 SF
Class
C
Property subtype
Office, Retail
Zoning
R5, C2-3
Occupancy
80%
Lease Type
Modified Gross
Site & Location
Neighborhood
Brooklyn
Additional Details
Clear Height
13 ft
Building Details
Year Built
1931
Year Renovated
2018
Buildings
1
Listing Agency:
Brooklyn Vertical
Listed By:
Dov Chein · License #10311205383
Source:
Crexi
Added: May 28
Changed: Oct 10
Last Checked: Oct 24 at 2:51PM
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 Brooklyn Vertical
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Investment Insights
Based on property information with market context.
The offering is an open, usable flex space with 13-foot ceilings and split AC units. The space is described as approximately rectangular in shape, measuring roughly 24 by 50. The layout is oriented to support a straightforward buildout and flexible use, with no internal configuration details provided beyond the open plan.
The property is located at 1317 36th St in New York, NY 11218. Public remarks indicate flex lease terms ranging from 1 to 3 years, which may be helpful for operators looking for a shorter commitment window while planning space needs.
From a tenant or buyer perspective, the combination of an open footprint and 13-foot ceiling height can support a range of light industrial, service, showroom, or office-oriented uses, subject to applicable approvals. The presence of split AC units also supports year-round comfort for day-to-day operations. Prospective tenants and buyers should confirm specific permitted uses and any buildout requirements during due diligence, since those details are not included in the provided information.
The property is located at 1317 36th St in New York, NY 11218. Public remarks indicate flex lease terms ranging from 1 to 3 years, which may be helpful for operators looking for a shorter commitment window while planning space needs.
From a tenant or buyer perspective, the combination of an open footprint and 13-foot ceiling height can support a range of light industrial, service, showroom, or office-oriented uses, subject to applicable approvals. The presence of split AC units also supports year-round comfort for day-to-day operations. Prospective tenants and buyers should confirm specific permitted uses and any buildout requirements during due diligence, since those details are not included in the provided information.
Key Highlights
- Open usable flex space with 13‑foot ceilings
- AC split units
- Approx. 24 x 50 rectangular shape
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,851
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,020
$337.0K
Cap Rate 7%
$240,729
$240.7K
Cap Rate 9%
$187,233
$187.2K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$25.5K $21.96/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$24.1K $20.75/SF
− OpEx
−$7.2K −$6.23/SF
NOI
$16.9K $14.53/SF
Area
New York, NY
Vacancy
5.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,020
Cap Rate 7%
$240,729
Cap Rate 9%
$187,233
Alternative Uses
Best Use
Flex RnD
$407.2K
$356.3K – $475.0K
NOI $28,501 @ 7.0% cap · market cap 736.46%
Second Best
Industrial
$240.7K
$210.6K – $280.9K
NOI $16,851 @ 7.0% cap · market cap 435.43%
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,118 @ 7.0% cap · market cap 5,222.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
13 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3,401
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Open flex space with 13-foot ceilings and split AC units, suited for adaptable layouts under flexible terms.
Where is this flex space located?
The property is located at 1317 36th St New York, NY.
What are key features of this property?
This property features: Open usable flex space with 13‑foot ceilings; AC split units; Approx. 24 x 50 rectangular shape
