New Brooklyn Commercial Building For
For Sale
$2,380,000
2322 W 7th St, Brooklyn, NY 11223
New commercial building in Brooklyn with loading dock and private driveway.
Property Size4,300 SF
Price / SF$553.49
Days on Market169
Property Features for 2322 W 7th St
General Information
Standard status
Active
Size
4,300 SF
Building Details
Year Built
2023
Listing Agency:
Winzone Realty Inc
Listed By:
Xiao Feng Pan CBR
Source:
Realtyconnectusa
Added: Mar 26
Changed: Sep 8
Last Checked: Sep 9 at 11:10PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This new commercial building, constructed in 2024, features a loading dock and private driveway. The property benefits from a 25-year tax abatement. The building offers approximately 4,300 square feet of space with extra-high ceilings that allow for the potential construction of a second floor, adding another 4,300 square feet. The structure is built with poured concrete over steel beams and is equipped with 400 amps. Located on 86th Street and W 7th Street in Brooklyn, this property is suitable for various commercial and industrial uses, including an auto body, collision, and repair shop, warehouse, showroom, manufacturing, and distribution.
Key Highlights
- 25‑year tax abatement
- Brand new construction (2024)
- Large space: approx. 4,300 sq ft with potential for 8,600 sq ft with 2nd floor
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
$103,303
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
4.34%
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%
$2,066,060
$2.1M
Cap Rate 7%
$1,475,757
$1.5M
Cap Rate 9%
$1,147,811
$1.1M
Market Conditions
NOI Build-Up for 4,300 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
$180.6K $42.00/SF
− Vacancy
−$21.7K −$5.04/SF
EGI
$158.9K $36.96/SF
− OpEx
−$55.6K −$12.94/SF
NOI
$103.3K $24.02/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,066,060
Cap Rate 7%
$1,475,757
Cap Rate 9%
$1,147,811
Alternative Uses
Best Use
Flex RnD
$1.48M
$1.29M – $1.72M
NOI $103,303 @ 7.0% cap · market cap 4.34%
Second Best
Industrial
$1.09M
$956.2K – $1.27M
NOI $76,498 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$3.56M
$3.12M – $4.15M
NOI $249,228 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,513
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
Check the figures for this property
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?
Flex space - New commercial building in Brooklyn with loading dock and private driveway.
Where is this flex space located?
The property is located at 2322 W 7th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: 25‑year tax abatement; Brand new construction (2024); Large space: approx. 4,300 sq ft with potential for 8,600 sq ft with 2nd floor
