Brooklyn Industrial Asset For
For Sale
$6,000,000
200 Cook Street, Brooklyn, NY 11206
12,500 SF industrial building with redevelopment potential in Brooklyn.
Property Size10,000 SF
Lot Size0.23 Acres
Price / SF$600
Days on Market148
Property Features for 200 Cook Street
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.23 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$54,625
Building Details
Building Size
10,000 SF
Year Built
1931
Listing Agency:
Prime Realty
Listed By:
Shirley Y. Chen
(917) 254-0248
Source:
Cbwarburg
Added: Apr 8
Changed: Aug 25
Last Checked: Sep 2 at 2:38AM
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 Prime Realty
Investment Insights
Based on property information with market context.
This 12,500 square foot industrial building is available for sale. Constructed in 1931, the 10,000 square foot fireproof warehouse features 24-foot ceiling heights. The property is situated on a 10,000 square foot lot (100' x 100'). The building includes a second-floor office space equipped with air conditioning. Zoned M1-2 with a 2.0 FAR, the site presents strong potential for owner-users, investors, or future redevelopment. The property will be delivered vacant. It is ideal for logistics, manufacturing, showroom, or mixed-use industrial applications. The location has a bike score of 70, indicating it is very bikeable, a walk score of 82, indicating it is very walkable, and a transit score of 84, indicating excellent transit options.
Key Highlights
- Delivered Vacant: Provides immediate flexibility.
- 12,500 SF Building in Prime Location:** Versatile industrial asset.
- 24‑Foot Ceiling Heights:** Ideal for various uses.
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
$249,480
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
4.16%
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%
$4,989,600
$5.0M
Cap Rate 7%
$3,564,000
$3.6M
Cap Rate 9%
$2,772,000
$2.8M
Market Conditions
NOI Build-Up for 10,000 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
$432.0K $43.20/SF
− Vacancy
−$99.4K −$9.94/SF
EGI
$332.6K $33.26/SF
− OpEx
−$83.2K −$8.32/SF
NOI
$249.5K $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%
$4,989,600
Cap Rate 7%
$3,564,000
Cap Rate 9%
$2,772,000
Alternative Uses
Best Use
Office B
$3.56M
$3.12M – $4.16M
NOI $249,480 @ 7.0% cap · market cap 4.16%
Second Best
Warehouse
$3.09M
$2.70M – $3.60M
NOI $216,024 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$8.28M
$7.25M – $9.66M
NOI $579,600 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,505
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 12,500 SF industrial building with redevelopment potential in Brooklyn.
Where is this warehouse located?
The property is located at 200 Cook Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Delivered Vacant: Provides immediate flexibility.; 12,500 SF Building in Prime Location:** Versatile industrial asset.; 24‑Foot Ceiling Heights:** Ideal for various uses.
