Multi-Story Industrial
For Sale
$18,800,000
201 46th Street, Brooklyn, NY 11220
Commercial Sale, Brooklyn, NY
Property Size52,000 SF
Lot Size0.60 Acres
Price / SF$361.54
Days on Market84
Property Features for 201 46th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-2D
Rooms
Basement
Basement
Full
Elementary school district
Brooklyn 15
Middle school district
Brooklyn 15
High school district
Brooklyn 15
Standard status
Active
APN
00745-0001
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
309103
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
4
Building materials
Brick
Listing Agency:
Sany Realty Group LLC
(718) 799-0726
Listed By:
Ren Wang
(917) 238-7878
Added: Jul 14
Changed: Sep 12
Last Checked: Oct 5 at 8:06AM
MLS# 1025952
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-story industrial warehouse combines warehouse, office, showroom, and commercial areas within a brick building constructed in 1900. The property includes three dock-high loading docks, five drive-in doors, a freight elevator, on-site parking, and approximately 12-foot clear ceiling heights. A basement is also present, with public water and public sewer service.
The approximately 0.5969-acre property has frontage on both 45th Street and 46th Street in Brooklyn’s Sunset Park. It is zoned M1-2D and located within an Opportunity Zone. Additional air rights are identified in the property information, subject to verification. The site is near Industry City, the Brooklyn Army Terminal, the Brooklyn waterfront, the Gowanus Expressway (I-278), NYC Ferry, the R subway line, and other major transportation corridors.
The asset is currently leased to a mix of warehouse, office, showroom, and commercial tenants.
The approximately 0.5969-acre property has frontage on both 45th Street and 46th Street in Brooklyn’s Sunset Park. It is zoned M1-2D and located within an Opportunity Zone. Additional air rights are identified in the property information, subject to verification. The site is near Industry City, the Brooklyn Army Terminal, the Brooklyn waterfront, the Gowanus Expressway (I-278), NYC Ferry, the R subway line, and other major transportation corridors.
The asset is currently leased to a mix of warehouse, office, showroom, and commercial tenants.
Key Highlights
- Approximately 0.5969‑acre industrial warehouse property
- Three dock‑high loading docks and five drive‑in doors
- Approximately 12‑foot clear ceiling heights with freight elevator
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
$1,312,846
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
6.98%
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%
$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
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
$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 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%
$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 6.98%
Second Best
Industrial
$16.58M
$14.51M – $19.34M
NOI $1,160,665 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$33.71M
$29.50M – $39.33M
NOI $2,359,718 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Income-producing warehouse with loading infrastructure, office areas, parking, and flexible multi-level commercial space.
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 $18,800,000.
What are key features of this property?
This property features: Approximately 0.5969‑acre industrial warehouse property; Three dock‑high loading docks and five drive‑in doors; Approximately 12‑foot clear ceiling heights with freight elevator
