Brooklyn Warehouse with Three
For Sale
$8,950,000
330 Calyer Street, Brooklyn, NY 11222
20,000 SF warehouse with user-investor or art studio potential.
Property Size20,000 SF
Days on Market285
Property Features for 330 Calyer Street
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Commercial
Building Details
Building Size
20,000 SF
Listed By:
DJ Johnston · License #10401225168 (NY)
(718) 701-5367
Source:
Matthews
Added: Nov 24, 2025
Changed: Sep 5
Last Checked: Sep 5 at 3:35AM
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 DJ Johnston
Investment Insights
Based on property information with market context.
This 20,000 square foot warehouse, measuring 200 feet by 100 feet, features three street frontages totaling 500 feet. The property includes one double-wide interior loading dock and one drive-in door. It is fully sprinklered. Real estate taxes are $56,595.00. The property is ideal for a user-investor, as it divides easily. Other potential uses include an art studio, benefiting from excellent natural light, a wholesale or retail outlet, or a truck terminal with cross-bay potential.
Key Highlights
- 20,000 sf warehouse with flexible user‑investor potential; divides easily.
- Three street frontages (500' frontage).
- Ideal for art studio use due to excellent natural light.
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
$432,048
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
4.83%
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%
$8,640,960
$8.6M
Cap Rate 7%
$6,172,114
$6.2M
Cap Rate 9%
$4,800,533
$4.8M
Market Conditions
NOI Build-Up for 20,000 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
$532.8K $26.64/SF
− Vacancy
−$24.5K −$1.23/SF
EGI
$508.3K $25.41/SF
− OpEx
−$76.2K −$3.81/SF
NOI
$432.0K $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%
$8,640,960
Cap Rate 7%
$6,172,114
Cap Rate 9%
$4,800,533
Alternative Uses
Best Use
Warehouse
$6.17M
$5.40M – $7.20M
NOI $432,048 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$5.08M
$4.45M – $5.93M
NOI $355,804 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$16.56M
$14.49M – $19.32M
NOI $1,159,200 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,892
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 - 20,000 SF warehouse with user-investor or art studio potential.
Where is this warehouse located?
The property is located at 330 Calyer Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $8,950,000.
What are key features of this property?
This property features: 20,000 sf warehouse with flexible user‑investor potential; divides easily.; Three street frontages (500' frontage).; Ideal for art studio use due to excellent natural light.
