Industrial Building with Loading
For Sale
$4,950,000
342 Ten Eyck St, Brooklyn, NY 11206
Vacant at closing with M1-2 zoning and gated off-street parking area.
Property Size8,600 SF
Price / SF$575.58
Days on Market684
Property Features for 342 Ten Eyck St
General Information
Standard status
Active
Size
8,600 SF
Property subtype
Industrial
Zoning
M1-2
Additional Details
Road Access
Yes
Building Details
Building Size
8,600 SF
Year Built
1920
Buildings
1
Stories
1
Listing Agency:
Matthews Real Estate Investments Services | New York
Listed By:
DJ Johnston · License #10401225168(NY)
(718) 701-5367
Source:
Cpix.resimplifi
Added: Dec 5, 2024
Changed: Oct 14
Last Checked: Oct 19 at 3:33AM
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 Matthews Real Estate Investments Services | New York
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Investment Insights
Based on property information with market context.
This 8,600 SF industrial building at 342 Ten Eyck St in Brooklyn will be delivered vacant at closing. Built in 1920, the elevated structure includes one loading dock and benefits from a long curb cut along Bogart Street. The property also has 200 feet of wraparound frontage along Ten Eyck Street and Bogart Street.
A gated 12-foot by 60-foot strip of vacant land provides private off-street parking. The property includes 8,600 SF of unused air rights, allowing 17,200 Commercial SF as-of-right or 41,280 SF for community facility use. Zoning is M1-2. The Grand Street L-train station is within three blocks, with Bedford Avenue and Union Square accessible within 15 minutes.
A gated 12-foot by 60-foot strip of vacant land provides private off-street parking. The property includes 8,600 SF of unused air rights, allowing 17,200 Commercial SF as-of-right or 41,280 SF for community facility use. Zoning is M1-2. The Grand Street L-train station is within three blocks, with Bedford Avenue and Union Square accessible within 15 minutes.
Key Highlights
- 8,600 SF industrial building built in 1920
- 200 feet of wraparound frontage on Ten Eyck Street and Bogart Street
- Elevated building with one loading dock and long curb cut along Bogart Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,996
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,059,920
$3.1M
Cap Rate 7%
$2,185,657
$2.2M
Cap Rate 9%
$1,699,956
$1.7M
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$229.1K $26.64/SF
− Vacancy
−$10.5K −$1.23/SF
EGI
$218.6K $25.41/SF
− OpEx
−$65.6K −$7.62/SF
NOI
$153.0K $17.79/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,059,920
Cap Rate 7%
$2,185,657
Cap Rate 9%
$1,699,956
Alternative Uses
Best Use
Industrial
$2.19M
$1.91M – $2.55M
NOI $152,996 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.12M
$6.23M – $8.31M
NOI $498,456 @ 7.0% cap · market cap 10.07%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - Vacant at closing with M1-2 zoning and gated off-street parking area.
Where is this industrial property located?
The property is located at 342 Ten Eyck St Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 8,600 SF industrial building built in 1920; 200 feet of wraparound frontage on Ten Eyck Street and Bogart Street; Elevated building with one loading dock and long curb cut along Bogart Street
