Industrial Warehouse with Roll-Up
2302 Neptune Ave Brooklyn, NY 11224
2302 Neptune Ave, Brooklyn, NY, 11224
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For Sale
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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 Market15
Property Features for 2302 Neptune Ave
General Information
- Standard status
- Active
- Size
- 8,565 SF
- Property subtype
- INDUSTRIAL
Properties For Sale
at 2302 Neptune Ave Contact us
Listing agency
Commercial Acquisitions Realty Services
(917) 939-3760
Listed by
Arsen Atbashyan · License #0000
(917) 939-3760
Source
Moodyscre
Added: Jul 8 Updated: Jul 22 at 12:16PM Checked: Jul 22 at 12:16PM
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
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
Local Financial Insights For Warehouse
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 | $228.2k | $26.64 |
| − Vacancy | −$10.5k | −$1.23 |
| EGI | $217.7k | $25.41 |
| − OpEx | −$32.7k | −$3.81 |
| NOI | $185.0k | $21.60 |
8,565 SF · lease $26.64/SF/yr · vacancy 4.60% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
RCA Ambulance Service
Ambulance Service
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FAQs
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
