Warehouse with Cold
178 28TH ST, Brooklyn, NY 11232
For Sale
Contact for pricing
Vacant industrial space combines refrigerated capacity with dock and drive-in loading access.
Property Size25,000 SF
Lot Size0.57 Acres
Price / SF$570
Days on Market43
Property Features for 178 28TH ST
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Warehouse Space
Dock-High Doors
Drive-In Doors
Cold Storage
Cold Storage Area
Additional Details
Highway Access
Property Use
Building Details
Buildings
Building Size
Listing Agency:
SAB Capital
Listed By:
Jake Torre · License #NY 10401280593
(646) 536-2032
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 3:41PM
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 SAB Capital
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 25,000-square-foot warehouse at 178 28th Street includes 10,000 square feet of cold storage. Its 250-by-100-foot footprint covers the lot, with two loading docks, three drive-in gates, and ceiling heights of approximately 18 feet. The building will be delivered vacant.
The property is between 4th and 5th Avenues in Greenwood Heights, Brooklyn. Access routes include the Prospect, Gowanus, and Brooklyn-Queens Expressways, as well as the Hugh L. Carey Tunnel.
The property is between 4th and 5th Avenues in Greenwood Heights, Brooklyn. Access routes include the Prospect, Gowanus, and Brooklyn-Queens Expressways, as well as the Hugh L. Carey Tunnel.
Key Highlights
- 25,000‑square‑foot warehouse with 10,000 square feet of cold storage
- Two loading docks and three drive‑in gates
- Approximately 18‑foot ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$540,059
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,801,180
$10.8M
Cap Rate 7%
$7,715,129
$7.7M
Cap Rate 9%
$6,000,656
$6.0M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$666.0K $26.64/SF
− Vacancy
−$30.6K −$1.23/SF
EGI
$635.4K $25.41/SF
− OpEx
−$95.3K −$3.81/SF
NOI
$540.1K $21.60/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,801,180
Cap Rate 7%
$7,715,129
Cap Rate 9%
$6,000,656
Alternative Uses
Best Use
Warehouse
$7.72M
$6.75M – $9.00M
NOI $540,059 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$20.70M
$18.11M – $24.15M
NOI $1,449,000 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,673
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
$782,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Brooklyn, NY
Properties on Market for Warehouses in Brooklyn
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
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- my box moving — 210 42nd St, Brooklyn, NY 11232
- Mobile Self Storage — 210 42nd St, Brooklyn, NY 11232
- Manhattan Mini Storage — 980 4th Ave, Brooklyn, NY 11232
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial space combines refrigerated capacity with dock and drive-in loading access.
Where is this warehouse located?
The property is located at 178 28TH ST Brooklyn, NY.
What is the asking price?
The asking price for this property is $14,250,000.
What are key features of this property?
This property features: 25,000‑square‑foot warehouse with 10,000 square feet of cold storage; Two loading docks and three drive‑in gates; Approximately 18‑foot ceiling heights
