Industrial Warehouse with Drive-In
For Sale
$7,390,000
300 Kingsland Avenue, Brooklyn, NY 11222
Commercial Sale, Brooklyn, NY
Property Size16,119 SF
Lot Size0.37 Acres
Price / SF$458.47
Days on Market49
Property Features for 300 Kingsland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-2
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
02658-0052
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
95181
Utilities
Utilities
Electricity Available
Cooling system
Central Air, Electric
Building Details
Year built
1931
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Yiwen Zhu · License #1027686
(929) 366-6682
Added: Jul 17
Changed: Aug 19
Last Checked: Sep 3 at 7:06PM
MLS# 1027674
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.
Investment Insights
Based on property information with market context.
This 16,119-square-foot industrial warehouse was built in 1931 and provides approximately 15-foot clear height, two drive-in roll-up doors, and two additional side entrances. Electrical capacity is approximately 200-400 amps, with electricity available and central air and electric cooling systems. The property is zoned M1-2 and has an existing lease extending through 2033.
Located at 300 Kingsland Avenue in Brooklyn, the facility connects to the BQE, Kosciuszko Bridge, Williamsburg Bridge, and Midtown Tunnel. Its Greenpoint setting provides access to Brooklyn, Queens, Manhattan, and Long Island. The building is suited to industrial, distribution, light-manufacturing, production, and creative uses.
Located at 300 Kingsland Avenue in Brooklyn, the facility connects to the BQE, Kosciuszko Bridge, Williamsburg Bridge, and Midtown Tunnel. Its Greenpoint setting provides access to Brooklyn, Queens, Manhattan, and Long Island. The building is suited to industrial, distribution, light-manufacturing, production, and creative uses.
Key Highlights
- 16,119 SF industrial warehouse at 300 Kingsland Avenue, Brooklyn, NY 11222
- Existing lease in place through 2033
- M1‑2 zoning with approximately 15‑foot clear height
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
Industrial
$4.10M
$3.58M – $4.78M
NOI $286,760 @ 7.0% cap · market cap 3.88%
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
Property Profile
Current Use
Lease Details
15 ft
Clear height
2
Drive-in doors
Yes
Highway access
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - M1-2-zoned facility with durable industrial improvements, existing occupancy, and access to major Brooklyn, Queens, and Manhattan connections.
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: 16,119 SF industrial warehouse at 300 Kingsland Avenue, Brooklyn, NY 11222; Existing lease in place through 2033; M1‑2 zoning with approximately 15‑foot clear height
