Mixed-Use Industrial and Loft
154 26th St., Brooklyn, NY 11232
For Sale
$4,600,000
As-is mixed-use building with street-level loading garages, workshop space, and upper loft and apartment units.
Property Size10,605 SF
Price / SF$433.96
Days on Market151
Property Features for 154 26th St.
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Stories
Listing Agency:
BHHS Cangiano Estates
Listed By:
Traci Cangiano
(917) 468-7991
Source:
Thebrokerlist
Added: Jun 17
Changed: Nov 8
Last Checked: Nov 12 at 4:12AM
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 BHHS Cangiano Estates
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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 / Yr
$254,654
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,093,080
$5.1M
Cap Rate 7%
$3,637,914
$3.6M
Cap Rate 9%
$2,829,489
$2.8M
Market Conditions
NOI Build-Up for 10,600 SF
Gross rent
$445.2K $42.00/SF
− Vacancy
−$53.4K −$5.04/SF
EGI
$391.8K $36.96/SF
− OpEx
−$137.1K −$12.94/SF
NOI
$254.7K $24.02/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,093,080
Cap Rate 7%
$3,637,914
Cap Rate 9%
$2,829,489
Alternative Uses
Best Use
Flex RnD
$3.64M
$3.18M – $4.24M
NOI $254,654 @ 7.0% cap · market cap 5.54%
Second Best
Warehouse
$3.27M
$2.86M – $3.82M
NOI $228,985 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$8.78M
$7.68M – $10.24M
NOI $614,376 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Properties on Market for Flex space in Brooklyn
Vacancy Rate% for Industrial in Northeast region
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 St. Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,600,000.
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
