Industrial Commercial Kitchen
For Sale
Contact for pricing
3068 Brighton 3rd St, Brooklyn, NY 11235
Production-oriented facility with heavy-load gas capacity, industrial ventilation, and precision drainage systems.
Property Size3,925 SF
Price / SF$573.25
Days on Market161
Property Features for 3068 Brighton 3rd St
General Information
Standard status
Active
Size
3,925 SF
Property subtype
Industrial, Retail, Special Purpose
Zoning
R6, C1-2
Investment Type
Owner/User
Building Details
Year Built
1931
Year Renovated
1996
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Capline Consolidated
Listed By:
Robert Shiryak · License #NY10491213394
(347) 908-7623
Source:
Crexi
Added: Mar 31
Changed: Aug 31
Last Checked: Sep 5 at 8:07PM
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 Capline Consolidated
Investment Insights
Based on property information with market context.
This 3,925-square-foot commercial kitchen facility was built in 1931 and previously served as the headquarters of the National Bakery. The property includes heavy-load gas capacity, industrial-grade ventilation, and precision drainage systems suited to food production and commissary operations. Its infrastructure supports a specialized culinary use without relying on unsupported assumptions about future occupancy or configuration.
Located at 3068 Brighton 3rd St in Brooklyn, the property sits within the Brighton Beach commercial corridor and near the Brighton Beach B & Q Express transit hub. Zoning is identified as R6, C1-2, providing an important land-use reference for prospective operators and advisors evaluating the facility.
Located at 3068 Brighton 3rd St in Brooklyn, the property sits within the Brighton Beach commercial corridor and near the Brighton Beach B & Q Express transit hub. Zoning is identified as R6, C1-2, providing an important land-use reference for prospective operators and advisors evaluating the facility.
Key Highlights
- 3,925‑square‑foot commercial kitchen facility
- Heavy‑load gas capacity for culinary production
- Industrial‑grade ventilation and precision drainage systems
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
$69,827
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
3.10%
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%
$1,396,540
$1.4M
Cap Rate 7%
$997,529
$997.5K
Cap Rate 9%
$775,856
$775.9K
Market Conditions
NOI Build-Up for 3,925 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
$104.6K $26.64/SF
− Vacancy
−$4.8K −$1.23/SF
EGI
$99.8K $25.41/SF
− OpEx
−$29.9K −$7.62/SF
NOI
$69.8K $17.79/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
30.00%
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%
$1,396,540
Cap Rate 7%
$997,529
Cap Rate 9%
$775,856
Alternative Uses
Best Use
Specialty Retail
$3.25M
$2.84M – $3.79M
NOI $227,493 @ 7.0% cap · market cap 10.11%
Second Best
Industrial
$997.5K
$872.8K – $1.16M
NOI $69,827 @ 7.0% cap · market cap 3.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,817
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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?
Commercial kitchen - Production-oriented facility with heavy-load gas capacity, industrial ventilation, and precision drainage systems.
Where is this commercial kitchen located?
The property is located at 3068 Brighton 3rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 3,925‑square‑foot commercial kitchen facility; Heavy‑load gas capacity for culinary production; Industrial‑grade ventilation and precision drainage systems
