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 Market137
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: Aug 29
Last Checked: Aug 29 at 1:29PM
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.
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 = 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
$205,223
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
3.90%
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%
$4,104,460
$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
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
$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 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%
$4,104,460
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
