Industrial Warehouse
For Sale
Contact for pricing
2299 McDonald Avenue, Brooklyn, NY 11223
M1-1-zoned warehouse property with an existing industrial building.
Property Size7,700 SF
Lot Size0.25 Acres
Price / SF$553.68
Days on Market187
Property Features for 2299 McDonald Avenue
General Information
Standard status
Active
Size
7,700 SF
Lot size
0.25 Acres
Property subtype
Retail
Zoning
M1-1
Lease Type
Modified Gross
Building Details
Year Built
1957
Buildings
1
Building Size
7,700 SF
Listing Agency:
Greiner-Maltz Company of New York, Inc.
Listed By:
Guy Solo · License #NY
Source:
Crexi
Added: Apr 17
Changed: Oct 4
Last Checked: Oct 19 at 4:19AM
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 Greiner-Maltz Company of New York, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property includes a 7,700-square-foot industrial building on an 11,076-square-foot lot. Constructed in 1957, the building is designated for M1-1 zoning.
The property is located at 2299 McDonald Avenue in Brooklyn, NY 11223, providing a defined industrial asset within the borough.
The property is located at 2299 McDonald Avenue in Brooklyn, NY 11223, providing a defined industrial asset within the borough.
Key Highlights
- 7,700‑square‑foot industrial building
- 11,076‑square‑foot lot
- M1‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,223
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,104,460
$4.1M
Cap Rate 7%
$2,931,757
$2.9M
Cap Rate 9%
$2,280,256
$2.3M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$253.1K $26.64/SF
− Vacancy
−$11.6K −$1.23/SF
EGI
$241.4K $25.41/SF
− OpEx
−$36.2K −$3.81/SF
NOI
$205.2K $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%
$4,104,460
Cap Rate 7%
$2,931,757
Cap Rate 9%
$2,280,256
Alternative Uses
Best Use
Warehouse
$2.93M
$2.57M – $3.42M
NOI $205,223 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.87M
$6.88M – $9.18M
NOI $550,620 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,056
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Trident Moving — 2510 Ocean Pkwy, Brooklyn, NY 11235
- EEE Moving — 2705 Coney Island Ave, Brooklyn, NY 11235
- Self Storage — 2390 coney island ave, brooklyn, ny 11223
- B & H Moving & Storage Inc — 2312 Coney Island Ave, Brooklyn, NY 11223
- Postman Joe 11223 (FedEx, USPS, UPS, PUDO, MEEST, Mail Boxes for rent) All in one drop off location — 1923 McDonald Ave, Brooklyn, NY 11223
Frequently Asked Questions
What type of property is this?
Warehouse - M1-1-zoned warehouse property with an existing industrial building.
Where is this warehouse located?
The property is located at 2299 McDonald Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,260,000.
What are key features of this property?
This property features: 7,700‑square‑foot industrial building; 11,076‑square‑foot lot; M1‑1 zoning
