Two-Level Warehouse with
For Sale
$2,500,000
133 29th Street, Brooklyn, NY 11232
COMMERCIAL - Brooklyn, NY
Property Size4,675 SF
Lot Size0.06 Acres
Price / SF$534.76
Days on Market55
Property Features for 133 29th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-2D
Basement
Unfinished
Subdivision
Sunset Park
Standard status
Active
Size
4,675 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
23000
Building Details
Number of units
2
Flooring type
Concrete
Building materials
Brick
Roof type
Flat
Listing Agency:
BHHS Fillmore R.E.
(718) 377-6161
Listed By:
Gus Ktistakis
(718) 368-2500
Added: Jun 9
Changed: Jun 10
Last Checked: Aug 2 at 11:06PM
MLS# 502167
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a modern warehouse built for functional, multi-level operations. The first-floor space is 2,500 square feet with 20-foot high ceilings and is currently leased with five years remaining at $6,500 per month. The second-floor space totals 2,000 square feet and includes an additional terrace, currently generating $4,500 per month. An additional 1,000 square feet of basement space provides further utility.
Located at 133 29th Street in Brooklyn, NY 11232, the asset is zoned M1-2D (per the listing information). Lot size is 0.0575 acres, and the total property size is listed at 4,675 square feet.
This configuration is well suited for investors looking for a warehouse structure with multiple income-generating levels under existing leases, as reflected by the first- and second-floor rental figures provided in the remarks. It may also appeal to operators who want multi-level warehouse space with significant ceiling height on the primary floor, supported by the presence of both terrace and basement areas within the overall building footprint.
Located at 133 29th Street in Brooklyn, NY 11232, the asset is zoned M1-2D (per the listing information). Lot size is 0.0575 acres, and the total property size is listed at 4,675 square feet.
This configuration is well suited for investors looking for a warehouse structure with multiple income-generating levels under existing leases, as reflected by the first- and second-floor rental figures provided in the remarks. It may also appeal to operators who want multi-level warehouse space with significant ceiling height on the primary floor, supported by the presence of both terrace and basement areas within the overall building footprint.
Key Highlights
- Warehouse in Greenwood with brick construction, concrete flooring, and a flat roof
- First floor totals 2,500 SF with 20‑foot high ceilings and remaining lease term of 5 years at $6,500/month
- Second floor totals 2,000 SF with an additional terrace and current income of $4,500/month
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 | $124.5k | $26.64 |
| − Vacancy | −$5.7k | −$1.23 |
| EGI | $118.8k | $25.41 |
| − OpEx | −$17.8k | −$3.81 |
| NOI | $101.0k | $21.60 |
4,675 SF · lease $26.64/SF/yr · vacancy 4.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,991 @ 7.0% cap · market cap 4.04%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,169 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$3.87M
$3.39M – $4.52M
NOI $270,963 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3,665
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Income-producing warehouse with high ceilings and terrace space, plus additional basement area.
Where is this warehouse located?
The property is located at 133 29th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Warehouse in Greenwood with brick construction, concrete flooring, and a flat roof; First floor totals 2,500 SF with 20‑foot high ceilings and remaining lease term of 5 years at $6,500/month; Second floor totals 2,000 SF with an additional terrace and current income of $4,500/month
