Ground-Floor Industrial
For Sale
$7,390,000
300 Kingsland Avenue, Brooklyn, NY 11222
Ground-floor industrial space features a roll-up drive-in gate and a column-free warehouse layout.
Property Size16,119 SF
Days on Market119
Property Features for 300 Kingsland Avenue
General Information
Standard status
Active
Size
16,119 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$95,181
Building Details
Building Size
16,119 SF
Year Built
1931
Listing Agency:
B Square Realty
Listed By:
Yiwen Zhu · License #1027686
(718) 939-8388
Source:
Bagshawre
Added: May 14
Changed: Sep 5
Last Checked: Sep 9 at 5:15AM
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 B Square Realty
Investment Insights
Based on property information with market context.
This ground-floor industrial property offers approximately 8,000 square feet of versatile warehouse space with a column-free layout designed for flexible operations. The space includes drive-in access with a large roll-up gate, along with heavy power and heat available.
Convenient access is available to the BQE, Williamsburg, Long Island City, and Manhattan. The property is zoned M1-2.
The configuration supports a range of practical industrial and production uses, including warehousing, logistics, light manufacturing, creative studios, or film production.
Convenient access is available to the BQE, Williamsburg, Long Island City, and Manhattan. The property is zoned M1-2.
The configuration supports a range of practical industrial and production uses, including warehousing, logistics, light manufacturing, creative studios, or film production.
Key Highlights
- 8,000 SF ground‑floor warehouse/industrial space in Greenpoint, Brooklyn
- Drive‑in access with a large roll‑up gate for easy receiving and loading
- Column‑free layout for maximum usable space and flexible buildout
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
$348,209
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
4.71%
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%
$6,964,180
$7.0M
Cap Rate 7%
$4,974,414
$5.0M
Cap Rate 9%
$3,868,989
$3.9M
Market Conditions
NOI Build-Up for 16,119 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
$429.4K $26.64/SF
− Vacancy
−$19.8K −$1.23/SF
EGI
$409.7K $25.41/SF
− OpEx
−$61.4K −$3.81/SF
NOI
$348.2K $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 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%
$6,964,180
Cap Rate 7%
$4,974,414
Cap Rate 9%
$3,868,989
Alternative Uses
Best Use
Warehouse
$4.97M
$4.35M – $5.80M
NOI $348,209 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.35M
$11.68M – $15.57M
NOI $934,257 @ 7.0% cap · market cap 12.64%
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
2,985
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
Check the figures for this property
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?
Warehouse - Ground-floor industrial space features a roll-up drive-in gate and a column-free warehouse layout.
Where is this warehouse located?
The property is located at 300 Kingsland Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,390,000.
What are key features of this property?
This property features: 8,000 SF ground‑floor warehouse/industrial space in Greenpoint, Brooklyn; Drive‑in access with a large roll‑up gate for easy receiving and loading; Column‑free layout for maximum usable space and flexible buildout
