For Sale
$4,100,000
3041 Avenue U, Brooklyn, NY 11234
Multi-tenant office building with passenger elevator and medical/professional space, zoned R4 and C1-2.
Property Size12,000 SF
Lot Size0.10 Acres
Price / SF$341.67
Days on Market296
Property Features for 3041 Avenue U
General Information
Standard status
Active
Property type
Office buildings, Office Spaces, Medical Office Space, Commercial real estate
Size
12,000 SF
Lot size
0.10 Acres
Building Details
Year Built
1925
Listed By:
Michael
(732) 962-9005
Added: Dec 16, 2025
Changed: Aug 19
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$299,376
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,987,520
$6.0M
Cap Rate 7%
$4,276,800
$4.3M
Cap Rate 9%
$3,326,400
$3.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$518.4K $43.20/SF
− Vacancy
−$119.2K −$9.94/SF
EGI
$399.2K $33.26/SF
− OpEx
−$99.8K −$8.32/SF
NOI
$299.4K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,987,520
Cap Rate 7%
$4,276,800
Cap Rate 9%
$3,326,400
Alternative Uses
Best Use
Office B
$4.28M
$3.74M – $4.99M
NOI $299,376 @ 7.0% cap · market cap 7.30%
Second Best
Healthcare Medical
$3.97M
$3.48M – $4.64M
NOI $278,208 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$9.94M
$8.69M – $11.59M
NOI $695,520 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building with passenger elevator and medical/professional space, zoned R4 and C1-2.
Where is this office building located?
The property is located at 3041 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,100,000.
