Two-Story Warehouse with Roll-Up
For Sale
$3,650,000
259 48th Street, Brooklyn, NY 11220
A 400-amp electrical service and truck-accessible loading gate support warehouse operations.
Property Size7,000 SF
Lot Size0.11 Acres
Price / SF$521.43
Days on Market9
Property Features for 259 48th Street
General Information
Standard status
Active
Size
7,000 SF
Lot size
0.11 Acres
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
24 ft
Warehouse Space
7,000 SF
Drive-In Doors
1
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
Listed By:
XueFang (Sue) Li
(718) 676-2518
Source:
Penrealty
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 5 at 9:29PM
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 two-story warehouse contains approximately 7,000 square feet, with 5,000 square feet on the ground floor and 2,000 square feet upstairs. The building measures 50 by 100 feet and has 24-foot ceilings. A roll-up gate accommodates truck entry, and the property is served by 400-amp power. Construction dates to 1985.
The property is at 259 48th Street in Brooklyn, near 2nd Avenue and 48th Street. N, R, and W subway stations are nearby, along with B11 and B37 bus stops.
The property is at 259 48th Street in Brooklyn, near 2nd Avenue and 48th Street. N, R, and W subway stations are nearby, along with B11 and B37 bus stops.
Key Highlights
- Approximately 7,000 square feet across two floors: 5,000 square feet at grade and 2,000 square feet above
- 24‑foot ceilings
- 50‑by‑100‑foot building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,729
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
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
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 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 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.54M
$3.97M – $5.29M
NOI $317,654 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
4,108
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
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?
Warehouse - A 400-amp electrical service and truck-accessible loading gate support warehouse operations.
Where is this warehouse located?
The property is located at 259 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Approximately 7,000 square feet across two floors: 5,000 square feet at grade and 2,000 square feet above; 24‑foot ceilings; 50‑by‑100‑foot building
