194 Sackman Street, Brooklyn, NY 11212

Building Details

Buildings 1 More

Building Size 3,000 SF More

Listing Agency: TerraCRG

Listed By: Mike Hernandez · License NY #10401225974 Show Phone

Source: Crexi

Added: Oct 20 Changed: Nov 8 Last Checked: Nov 12 at 8:01AM

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Investment Insights

Based on property information with market context.

At 194 Sackman Street, the vacant industrial building contains approximately 3,000 square feet on a 30 x 100-foot lot. Its column-free interior, high ceilings, and three-phase power are existing features. The property is zoned M1-4 and can be occupied in its current configuration or considered for expansion or redevelopment, subject to applicable requirements. Approximately 3,000 square feet of additional development rights bring the total buildable area to approximately 6,000 square feet.

The property is in Brownsville, Brooklyn, between Liberty Avenue and East New York Avenue. It is offered vacant, with the existing building and additional development rights comprising the principal physical components of the property.

Key Highlights

• Approximately 3,000‑square‑foot industrial building on a 30 x 100‑foot lot
• Column‑free interior with high ceilings and three‑phase power
• M1‑4 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,807

Cap Rate

6.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,296,140 $1.3M

Cap Rate 7%

$925,814 $925.8K

Cap Rate 9%

$720,078 $720.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$79.9K $26.64/SF

− Vacancy

−$3.7K −$1.23/SF

EGI

$76.2K $25.41/SF

− OpEx

−$11.4K −$3.81/SF

NOI

$64.8K $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%

$1,296,140

Cap Rate 7%

$925,814

Cap Rate 9%

$720,078

Alternative Uses

Best Use

Warehouse

$925.8K

$810.1K – $1.08M (±1% cap)

NOI $64,807 @ 7.0% cap · market cap 6.48%

Second Best

Industrial

$762.4K

$667.1K – $889.5K (±1% cap)

NOI $53,371 @ 7.0% cap · market cap 5.34%

Theoretical Best

Specialty Retail

$2.48M

$2.17M – $2.90M (±1% cap)

NOI $173,880 @ 7.0% cap · market cap 17.39%

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

C & D Iron ... General Contractor

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Skin Care Clinic Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,879

Businesses Nearby

Explore this area Business Placement

Demographics for 11212, NY

91,574

Population

34,782

Households

2.6

Avg Household Size

36

Median Age

16%

College-Educated

78%

High-School Grad

1.5 sq mi

ZIP Area

61,049

Density / Sq Mi

$40,060

Median Household Income

$32,553

Median Earnings

$1,231

Median Rent

$549,400

Median Home Value

Market

Average Price Trend$/SF for Industrial properties in Brooklyn, NY

$648 Jul

$705 Aug

$720 Sep

$657 Oct

Properties on Market for Industrial properties in Brooklyn

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - Three-phase power and an unobstructed interior support a range of industrial and commercial uses.

Where is this industrial property located?

The property is located at 194 Sackman Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Approximately 3,000‑square‑foot industrial building on a 30 x 100‑foot lot; Column‑free interior with high ceilings and three‑phase power; M1‑4 zoning