Multi-Level Industrial
For Sale
$17,800,000
201 46th Street, Brooklyn, NY 11220
Leased property with warehouse, office, showroom, and commercial tenant spaces plus dock and drive-in loading access.
Property Size52,000 SF
Lot Size0.60 Acres
Price / SF$342.31
Days on Market102
Property Features for 201 46th Street
General Information
Standard status
Active
Size
52,000 SF
Lot size
0.60 Acres
Property subtype
Warehouse
Zoning
M1-2D
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
12 ft
Dock-High Doors
3
Drive-In Doors
5
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$309,103
Building Details
Building Size
52,000 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Sany Realty Group LLC
Listed By:
Ren Wang
(917) 238-7878
Source:
Eliterealtyinc
Added: Jul 14
Changed: Oct 15
Last Checked: Oct 20 at 5:09PM
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 Sany Realty Group LLC
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Investment Insights
Based on property information with market context.
This multi-level industrial warehouse contains approximately 52,000 SF of warehouse, office, showroom, and commercial space on an approximately 26,033 SF lot. The improvements include 3 dock-high loading docks, 5 drive-in doors, a freight elevator, on-site parking, and approximately 12-foot clear ceiling heights. Dual frontage along 45th Street and 46th Street supports separate access points and day-to-day loading operations. The property is leased to a mix of warehouse, office, showroom, and commercial tenants.
The site is in Sunset Park, Brooklyn, near Industry City, the Brooklyn Army Terminal, the Brooklyn waterfront, the Gowanus Expressway (I-278), the NYC Ferry, the R subway line, and other major transportation corridors. It is located within an Opportunity Zone and carries M1-2D zoning. Additional air rights are identified in the property information, subject to verification.
The site is in Sunset Park, Brooklyn, near Industry City, the Brooklyn Army Terminal, the Brooklyn waterfront, the Gowanus Expressway (I-278), the NYC Ferry, the R subway line, and other major transportation corridors. It is located within an Opportunity Zone and carries M1-2D zoning. Additional air rights are identified in the property information, subject to verification.
Key Highlights
- Approximately 52,000 SF of warehouse, office, showroom, and commercial space
- Approximately 26,033 SF lot with dual frontage on 45th Street and 46th Street
- 3 dock‑high loading docks and 5 drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,312,846
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,256,920
$26.3M
Cap Rate 7%
$18,754,943
$18.8M
Cap Rate 9%
$14,587,178
$14.6M
Market Conditions
NOI Build-Up for 52,000 SF
Gross rent
$1.62M $31.20/SF
− Vacancy
−$77.9K −$1.50/SF
EGI
$1.54M $29.70/SF
− OpEx
−$231.7K −$4.46/SF
NOI
$1.31M $25.25/SF
Area
ZIP 11220
Vacancy
4.80%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,256,920
Cap Rate 7%
$18,754,943
Cap Rate 9%
$14,587,178
Alternative Uses
Best Use
Warehouse
$18.75M
$16.41M – $21.88M
NOI $1,312,846 @ 7.0% cap · market cap 7.38%
Second Best
Industrial
$16.58M
$14.51M – $19.34M
NOI $1,160,665 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$33.71M
$29.50M – $39.33M
NOI $2,359,718 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
3
Dock-high doors
5
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,239
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Leased property with warehouse, office, showroom, and commercial tenant spaces plus dock and drive-in loading access.
Where is this warehouse located?
The property is located at 201 46th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $17,800,000.
What are key features of this property?
This property features: Approximately 52,000 SF of warehouse, office, showroom, and commercial space; Approximately 26,033 SF lot with dual frontage on 45th Street and 46th Street; 3 dock‑high loading docks and 5 drive‑in doors
