Multi-Tenant Flex Industrial
For Sale
Contact for pricing
228 46th St, Brooklyn, NY 11220
Multi-floor flex space with ground-floor access, ADA compliance, plumbing in place, and curb parking in a heavy vehicle corridor.
Property Size30,000 SF
Lot Size0.46 Acres
Price / SF$316.67
Days on Market95
Property Features for 228 46th St
General Information
Standard status
Active
Size
30,000 SF
Lot size
0.46 Acres
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Clear Height
18 ft
Amenities
ADA Compliant
Signage Opportunity
Plumbing in Place
Six Egress Points
Curb Parking
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Tri State Commercial Realty
(718) 437-6100
Listed By:
Shlomi Bagdadi · License #10311204539
Source:
Moodyscre
Added: Apr 30
Changed: Jul 26
Last Checked: Aug 2 at 10:13AM
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 Tri State Commercial Realty
Investment Insights
Based on property information with market context.
This multi-tenant flex/industrial building offers a clean, flexible layout with 20,000 SF on the ground floor and 10,000 SF on the second floor. Ceiling heights range from 15 to 18 feet, with ground floor access designed to support practical day-to-day operations. ADA-compliant features and plumbing are already in place, and the building includes six egress points. Signage opportunity and the ability to deliver vacant provide additional flexibility for prospective tenants or buyers.
The property is located in a heavy vehicle traffic corridor with direct access to the B.Q.E. and I-278. It is minutes from the Belt Parkway, Prospect Parkway, and the Brooklyn-Battery Tunnel, offering convenient connectivity to major highways and bridges. Curb parking is available.
With a total lot/building dimension of approximately 200 feet by 100 feet and seven commercial units within the structure, the building is laid out for multiple tenants while retaining shared building infrastructure.
The property is located in a heavy vehicle traffic corridor with direct access to the B.Q.E. and I-278. It is minutes from the Belt Parkway, Prospect Parkway, and the Brooklyn-Battery Tunnel, offering convenient connectivity to major highways and bridges. Curb parking is available.
With a total lot/building dimension of approximately 200 feet by 100 feet and seven commercial units within the structure, the building is laid out for multiple tenants while retaining shared building infrastructure.
Key Highlights
- Multi‑floor flex space totaling 30,000 SF: 20,000 SF ground floor and 10,000 SF 2nd floor
- Ceiling heights range from 15 ft to 18 ft, with ground‑floor access throughout
- ADA compliant with plumbing in place and six egress points
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.01M | $33.60 |
| − Vacancy | −$51.4k | −$1.71 |
| EGI | $956.6k | $31.89 |
| − OpEx | −$287.0k | −$9.57 |
| NOI | $669.6k | $22.32 |
30,000 SF · lease $33.60/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$9.57M
$8.37M – $11.16M
NOI $669,614 @ 7.0% cap · market cap 7.05%
Second Best
Flex RnD
$9.43M
$8.25M – $11.00M
NOI $659,880 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$19.45M
$17.02M – $22.69M
NOI $1,361,376 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,291
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-floor flex space with ground-floor access, ADA compliance, plumbing in place, and curb parking in a heavy vehicle corridor.
Where is this flex space located?
The property is located at 228 46th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Multi‑floor flex space totaling 30,000 SF: 20,000 SF ground floor and 10,000 SF 2nd floor; Ceiling heights range from 15 ft to 18 ft, with ground‑floor access throughout; ADA compliant with plumbing in place and six egress points
