Warehouse with Truck-Accessible Roll-Up
For Sale
$3,780,000
259 48th St, Brooklyn, NY 11220
Freestanding Brooklyn warehouse with high ceilings and a 400-amp roll-up loading gate for direct truck access.
Property Size7,000 SF
Price / SF$540
Days on Market63
Property Features for 259 48th St
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
24 ft
Drive-In Doors
1
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$41,797
Building Details
Building Size
7,000 SF
Year Built
1985
Stories
2
Listing Agency:
Fang Fang Realty Inc
(718) 676-2518
Listed By:
Hong (Andy) Pan
(718) 676-2518
Source:
Elliman
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 16 at 6:46AM
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 Fang Fang Realty Inc
Investment Insights
Based on property information with market context.
This freestanding warehouse property includes approximately 7,000 square feet of total space, with 5,000 square feet on the ground floor and an additional 2,000 square feet on the second floor. The facility offers 24-foot-high ceilings, providing flexibility for storage, distribution, and warehouse operations. A key feature is the 400-amp power roll-up gate, designed to allow large vehicles to enter the building for straightforward loading and unloading.
The property is located at 259 48th St in Brooklyn, on 2nd Avenue and 48th Street. It sits on a lot and building size of 50 x 100. Transportation accessibility is supported by nearby N, R, and W subway stations and the B11 and B37 bus stops, with Walk Score 95, Transit Score 95, and Bike Score 76 indicating strong day-to-day connectivity.
For owner-users and investors seeking warehouse space, the combination of direct truck-access loading and tall interior clear height can support a range of distribution and storage needs. The split between ground and second-floor areas may also work well for organizations that want to separate receiving and operations from additional storage or workspace within the same facility.
The property is located at 259 48th St in Brooklyn, on 2nd Avenue and 48th Street. It sits on a lot and building size of 50 x 100. Transportation accessibility is supported by nearby N, R, and W subway stations and the B11 and B37 bus stops, with Walk Score 95, Transit Score 95, and Bike Score 76 indicating strong day-to-day connectivity.
For owner-users and investors seeking warehouse space, the combination of direct truck-access loading and tall interior clear height can support a range of distribution and storage needs. The split between ground and second-floor areas may also work well for organizations that want to separate receiving and operations from additional storage or workspace within the same facility.
Key Highlights
- Freestanding Brooklyn warehouse built in 1985 on a 50' x 100' lot with about 7,000 SF total space
- Layout includes 5,000 SF ground floor and 2,000 SF second floor
- 24‑foot‑high ceilings support flexible warehouse, storage, distribution, or business uses
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
$176,729
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
4.68%
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%
$3,534,580
$3.5M
Cap Rate 7%
$2,524,700
$2.5M
Cap Rate 9%
$1,963,656
$2.0M
Market Conditions
NOI Build-Up for 7,000 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
$218.4K $31.20/SF
− Vacancy
−$10.5K −$1.50/SF
EGI
$207.9K $29.70/SF
− OpEx
−$31.2K −$4.46/SF
NOI
$176.7K $25.25/SF
Area
ZIP 11220
Vacancy
4.80%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
15.00%
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%
$3,534,580
Cap Rate 7%
$2,524,700
Cap Rate 9%
$1,963,656
Alternative Uses
Best Use
Warehouse
$2.52M
$2.21M – $2.95M
NOI $176,729 @ 7.0% cap · market cap 4.68%
Second Best
Industrial
$2.23M
$1.95M – $2.60M
NOI $156,243 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$4.54M
$3.97M – $5.29M
NOI $317,654 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
5,368
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding Brooklyn warehouse with high ceilings and a 400-amp roll-up loading gate for direct truck access.
Where is this warehouse located?
The property is located at 259 48th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,780,000.
What are key features of this property?
This property features: Freestanding Brooklyn warehouse built in 1985 on a 50' x 100' lot with about 7,000 SF total space; Layout includes 5,000 SF ground floor and 2,000 SF second floor; 24‑foot‑high ceilings support flexible warehouse, storage, distribution, or business uses
