New Flex Space with High
For Sale
$2,380,000
2322 W 7th Street, Brooklyn, NY 11223
Commercial Sale, Brooklyn, NY
Property Size4,100 SF
Lot Size0.13 Acres
Price / SF$580.49
Days on Market54
Property Features for 2322 W 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C8-1
Parking features
On Street
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
07166-0015
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
34220
Building Details
Year built
2023
Building materials
Brick
Listing Agency:
Winzone Realty Inc
Listed By:
Xiao Feng Pan CBR
(718) 899-7000
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 23 at 12:06AM
MLS# 1044886
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2023, this newly constructed flex property uses steel and concrete construction and includes a Final C/O. The 22-foot ceiling height supports vertical storage, while a wide gate opening accommodates truck and delivery access. Gas service, 220V electrical power, and 400-amp capacity provide infrastructure for a range of commercial operations.
Zoned C8-1, the property may support warehouse, retail, storage, distribution, processing, and manufacturing uses, subject to applicable approvals. An ICAP 25-year tax abatement is in place. The property is situated on a wide street with approximately 100 feet of parking availability, with additional busy-hour parking subject to applicable regulations.
Zoned C8-1, the property may support warehouse, retail, storage, distribution, processing, and manufacturing uses, subject to applicable approvals. An ICAP 25-year tax abatement is in place. The property is situated on a wide street with approximately 100 feet of parking availability, with additional busy-hour parking subject to applicable regulations.
Key Highlights
- Newly constructed in 2023 with Final C/O
- 22‑foot ceiling height for vertical storage
- 400‑amp electrical capacity with 220V power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,498
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,960
$2.0M
Cap Rate 7%
$1,407,114
$1.4M
Cap Rate 9%
$1,094,422
$1.1M
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$172.2K $42.00/SF
− Vacancy
−$20.7K −$5.04/SF
EGI
$151.5K $36.96/SF
− OpEx
−$53.0K −$12.94/SF
NOI
$98.5K $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 Rate 5%
$1,969,960
Cap Rate 7%
$1,407,114
Cap Rate 9%
$1,094,422
Alternative Uses
Best Use
Flex RnD
$1.41M
$1.23M – $1.64M
NOI $98,498 @ 7.0% cap · market cap 4.14%
Second Best
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,570 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$3.39M
$2.97M – $3.96M
NOI $237,636 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Yes
Paved road access
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - C8-1-zoned commercial property with truck access, gas service, and substantial electrical capacity.
Where is this flex space located?
The property is located at 2322 W 7th Street 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: Newly constructed in 2023 with Final C/O; 22‑foot ceiling height for vertical storage; 400‑amp electrical capacity with 220V power
