Mixed-Use Industrial and Loft
For Sale
Contact for pricing
154 26th Street, Brooklyn, NY 11232
As-is mixed-use building with street-level loading garages, workshop space, and upper loft and apartment units.
Property Size10,605 SF
Price / SF$509.19
Days on Market66
Property Features for 154 26th Street
General Information
Standard status
Active
Size
10,605 SF
Total Parking Spaces
6
Property subtype
Mixed Use
Zoning
M1-2
Occupancy
75%
Warehouse & Industrial
Clear Height
13 ft
Drive-In Doors
2
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Buildings
2
Stories
2
Units
4
Listing Agency:
Cangiano Estates Ltd
(917) 468-7991
Listed By:
Traci Cangiano · License #NY
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 12 at 5:35AM
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 Cangiano Estates Ltd
Investment Insights
Based on property information with market context.
154 26th Street is a 1920s mixed-use property offered for sale for the first time in decades and sold strictly as-is. The building totals 10,605 square feet and features two oversized street-level loading garages with 13-foot ceilings and convenient drive-in access. One garage can accommodate up to five trucks, while the second provides additional space for vehicles, equipment, or storage, supported by off-street parking. The main level is divided between a long-standing plumbing business with office space, locker room facilities, and bathrooms, and an expansive woodworking workshop with multiple work areas, support spaces, additional bathrooms, and a striking glass atrium skylight.
The property is located in a M1-2D zoning district near Industry City. The design supports industrial and creative uses, with practical loading infrastructure at street level and a layout that can accommodate multiple operating spaces.
On the upper level, there are two units: a recently renovated artists loft updated two years ago with a kitchen, full bath, and rooftop access, and a spacious one-bedroom apartment awaiting restoration. For an investor, owner-user, or developer, the combination of loading capacity, workshop/production areas, and flexible residential and creative space may support a range of adaptive reuse and repositioning approaches, subject to the condition reflected in the as-is sale.
The property is located in a M1-2D zoning district near Industry City. The design supports industrial and creative uses, with practical loading infrastructure at street level and a layout that can accommodate multiple operating spaces.
On the upper level, there are two units: a recently renovated artists loft updated two years ago with a kitchen, full bath, and rooftop access, and a spacious one-bedroom apartment awaiting restoration. For an investor, owner-user, or developer, the combination of loading capacity, workshop/production areas, and flexible residential and creative space may support a range of adaptive reuse and repositioning approaches, subject to the condition reflected in the as-is sale.
Key Highlights
- 1920 mixed‑use building totaling 10,600 SF with a plumbing business plus expansive woodworking/workshop space
- Two oversized street‑level loading garages with soaring 13‑foot ceilings and drive‑in access
- One loading garage accommodates up to five trucks; the second garage adds vehicle/equipment/storage space
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
$264,574
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
4.90%
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%
$5,291,480
$5.3M
Cap Rate 7%
$3,779,629
$3.8M
Cap Rate 9%
$2,939,711
$2.9M
Market Conditions
NOI Build-Up for 10,605 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
$458.1K $43.20/SF
− Vacancy
−$105.4K −$9.94/SF
EGI
$352.8K $33.26/SF
− OpEx
−$88.2K −$8.32/SF
NOI
$264.6K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
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%
$5,291,480
Cap Rate 7%
$3,779,629
Cap Rate 9%
$2,939,711
Alternative Uses
Best Use
Office B
$3.78M
$3.31M – $4.41M
NOI $264,574 @ 7.0% cap · market cap 4.90%
Second Best
Flex RnD
$3.64M
$3.18M – $4.25M
NOI $254,775 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$8.78M
$7.68M – $10.24M
NOI $614,666 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
2
Drive-in doors
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,970
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Amy's Cookies — 225 34th St, Brooklyn, NY 11232
Frequently Asked Questions
What type of property is this?
Flex space - As-is mixed-use building with street-level loading garages, workshop space, and upper loft and apartment units.
Where is this flex space located?
The property is located at 154 26th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 1920 mixed‑use building totaling 10,600 SF with a plumbing business plus expansive woodworking/workshop space; Two oversized street‑level loading garages with soaring 13‑foot ceilings and drive‑in access; One loading garage accommodates up to five trucks; the second garage adds vehicle/equipment/storage space
