Industrial Warehouse with Roll-Up
For Sale
Contact for pricing
2302 Neptune Ave, Brooklyn, NY 11224
Vacant warehouse featuring 16-foot ceilings, two 20-foot roll-up gates, and L-shaped layout with curb-cut access.
Property Size8,565 SF
Price / SF$408.52
Days on Market108
Property Features for 2302 Neptune Ave
General Information
Standard status
Active
Size
8,565 SF
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Clear Height
16 ft
Listing Agency:
Commercial Acquisitions Realty Services
(718) 517-8700
Listed By:
Arsen Atbashyan · License #0000
(917) 939-3760
Source:
Moodyscre
Added: Jul 8
Changed: Jul 22
Last Checked: Oct 20 at 8:13PM
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 Commercial Acquisitions Realty Services
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Investment Insights
Based on property information with market context.
Industrial warehouse delivered vacant with an L-shaped configuration and warehouse space supported by 16' ceilings. The site includes a 25' curb-cut and two 20' wide roll-up gates for loading and receiving, along with a parking lot entrance for vehicle access.
The property has approximately 40' of frontage and two points of entrance at Neptune Ave and W 24th St. It is described as being close to public transportation.
This building is positioned for manufacturing use, with the combination of curb-cut access and roll-up loading intended to support industrial operations.
The property has approximately 40' of frontage and two points of entrance at Neptune Ave and W 24th St. It is described as being close to public transportation.
This building is positioned for manufacturing use, with the combination of curb-cut access and roll-up loading intended to support industrial operations.
Key Highlights
- 40' frontage and delivered vacant for immediate redevelopment
- Warehouse space with 16' ceilings
- 25' curb‑cut with two 20' wide roll‑up gates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,024
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,700,480
$3.7M
Cap Rate 7%
$2,643,200
$2.6M
Cap Rate 9%
$2,055,822
$2.1M
Market Conditions
NOI Build-Up for 8,565 SF
Gross rent
$228.2K $26.64/SF
− Vacancy
−$10.5K −$1.23/SF
EGI
$217.7K $25.41/SF
− OpEx
−$32.7K −$3.81/SF
NOI
$185.0K $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%
$3,700,480
Cap Rate 7%
$2,643,200
Cap Rate 9%
$2,055,822
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.08M
NOI $185,024 @ 7.0% cap · market cap 5.29%
Second Best
Industrial
$2.18M
$1.90M – $2.54M
NOI $152,373 @ 7.0% cap · market cap 4.35%
Theoretical Best
Specialty Retail
$7.09M
$6.21M – $8.27M
NOI $496,427 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,697
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
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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 - Vacant warehouse featuring 16-foot ceilings, two 20-foot roll-up gates, and L-shaped layout with curb-cut access.
Where is this warehouse located?
The property is located at 2302 Neptune Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 40' frontage and delivered vacant for immediate redevelopment; Warehouse space with 16' ceilings; 25' curb‑cut with two 20' wide roll‑up gates
