One-Story Manufacturing
23 West 9th Street, Brooklyn, NY 11231
For Sale
Contact for pricing
Masonry construction, R5 zoning, and proximity to the Smith–9th Sts subway support a flexible industrial property profile.
Property Size6,916 SF
Lot Size0.16 Acres
Price / SF$520.53
Days on Market102
Property Features for 23 West 9th Street
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Additional Details
Clear Height
Building Details
Year Built
Buildings
Stories
Building Size
Construction
Listing Agency:
Greiner-Maltz Company of New York, Inc.
Listed By:
Sharone Levy
Source:
Crexi
Added: Aug 5
Changed: Nov 2
Last Checked: Nov 12 at 7:55AM
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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Investment Insights
Based on property information with market context.
Located at 23 West 9th Street in Brooklyn, this one-story light-manufacturing property contains 6,916 SF on a full 6,916 SF lot. The 1925 building features masonry construction and 15-foot ceilings, providing a clear physical profile for manufacturing or related industrial operations.
The property is zoned R5 with a 1.5 FAR and 3,458 SF of additional buildable area. It is near the Smith–9th Sts subway station, served by the F and G lines, and sits in Red Hook’s waterfront industrial context. These zoning and development characteristics add flexibility beyond the existing building footprint.
The property is zoned R5 with a 1.5 FAR and 3,458 SF of additional buildable area. It is near the Smith–9th Sts subway station, served by the F and G lines, and sits in Red Hook’s waterfront industrial context. These zoning and development characteristics add flexibility beyond the existing building footprint.
Key Highlights
- 6,916 SF one‑story light‑manufacturing building on a full 6,916 SF lot
- R5 zoning with 1.5 FAR
- 3,458 SF of additional buildable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,037
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,740
$2.5M
Cap Rate 7%
$1,757,671
$1.8M
Cap Rate 9%
$1,367,078
$1.4M
Market Conditions
NOI Build-Up for 6,916 SF
Gross rent
$184.2K $26.64/SF
− Vacancy
−$8.5K −$1.23/SF
EGI
$175.8K $25.41/SF
− OpEx
−$52.7K −$7.62/SF
NOI
$123.0K $17.79/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,740
Cap Rate 7%
$1,757,671
Cap Rate 9%
$1,367,078
Alternative Uses
Best Use
Industrial
$1.76M
$1.54M – $2.05M
NOI $123,037 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.73M
$5.01M – $6.68M
NOI $400,851 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15 ft
Clear height
Location Intelligence
Trade Area within ½ mile
5,800
Businesses Nearby
Explore this area
Business Placement
Demographics for 11231, NY
37,240
Population
18,265
Households
2
Avg Household Size
37
Median Age
69%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
26,600
Density / Sq Mi
$138,485
Median Household Income
$85,791
Median Earnings
$2,474
Median Rent
$1,678,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Masonry construction, R5 zoning, and proximity to the Smith–9th Sts subway support a flexible industrial property profile.
Where is this manufacturing property located?
The property is located at 23 West 9th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 6,916 SF one‑story light‑manufacturing building on a full 6,916 SF lot; R5 zoning with 1.5 FAR; 3,458 SF of additional buildable area
