Listing Agency: Commercial Acquisitions Realty Services Show Phone

Listed By: Arsen Atbashyan · License #0000 Show Phone

Source: Moodyscre

Added: Oct 6 Changed: Oct 10 Last Checked: Oct 10 at 2:38AM

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Investment Insights

Based on property information with market context.

This 4,800-square-foot warehouse has a 14-foot ceiling, 48 feet of frontage, and a large drive-in door. The building has been modernized and is equipped with three-phase electricity. A tenant will remain in place at delivery.

The property is near Jamaica Avenue, Bushwick Avenue, Pennsylvania Avenue, Highland Boulevard, Atlantic Avenue, and Broadway.

Key Highlights

• 4,800‑square‑foot warehouse
• 14' ceilings and 48' of frontage
• Large drive‑in door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$103,691

Cap Rate

6.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,073,820 $2.1M

Cap Rate 7%

$1,481,300 $1.5M

Cap Rate 9%

$1,152,122 $1.2M

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$127.9K $26.64/SF

− Vacancy

−$5.9K −$1.23/SF

EGI

$122.0K $25.41/SF

− OpEx

−$18.3K −$3.81/SF

NOI

$103.7K $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%

$2,073,820

Cap Rate 7%

$1,481,300

Cap Rate 9%

$1,152,122

Alternative Uses

Best Use

Warehouse

$1.48M

$1.30M – $1.73M (±1% cap)

NOI $103,691 @ 7.0% cap · market cap 6.48%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.97M

$3.48M – $4.64M (±1% cap)

NOI $278,208 @ 7.0% cap · market cap 17.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Accounting Firm Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

2,684

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 11207, NY

100,330

Population

38,030

Households

2.6

Avg Household Size

35

Median Age

19%

College-Educated

81%

High-School Grad

2.7 sq mi

ZIP Area

37,159

Density / Sq Mi

$55,419

Median Household Income

$41,008

Median Earnings

$1,443

Median Rent

$657,400

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - An in-place tenant and three-phase electrical service are among the property’s operating features.

Where is this warehouse located?

The property is located at 24-28 Marginal St W Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,599,000.

What are key features of this property?

This property features: 4,800‑square‑foot warehouse; 14' ceilings and 48' of frontage; Large drive‑in door