Warehouse with Drive-In
For Sale
Contact for pricing
333-359 Moffat St, Brooklyn, NY 11237
Vacant warehouse in Brooklyn with parking, one drive-in door, and a 70-foot-deep loading dock
Property Size22,400 SF
Price / SF$435.27
Days on Market287
Property Features for 333-359 Moffat St
General Information
Standard status
Active
Size
22,400 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
21 ft
Drive-In Doors
1
Column Spacing
35 x 30 ft
Listing Agency:
Tri State Commercial Realty
(718) 437-6100
Listed By:
Shlomi Bagdadi · License #10311204539
Source:
Moodyscre
Added: Dec 4, 2025
Changed: Sep 15
Last Checked: Sep 16 at 7:47PM
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 Tri State Commercial Realty
Investment Insights
Based on property information with market context.
Vacant warehouse available for sale at 333–359 Moffat St, Brooklyn, NY 11237. The facility features 21 FT ceiling height, one drive-in door, and a drive-in loading dock that is 70 FT deep. The interior includes a 35 x 30 column space, with a portion of the building that is column-free.
Practical access is supported by the single drive-in door and loading dock configuration, designed for operations that benefit from direct warehouse receiving. Parking is available onsite.
This building is delivered vacant, providing an opportunity to configure the space to fit current distribution or storage needs.
Practical access is supported by the single drive-in door and loading dock configuration, designed for operations that benefit from direct warehouse receiving. Parking is available onsite.
This building is delivered vacant, providing an opportunity to configure the space to fit current distribution or storage needs.
Key Highlights
- 21 FT ceiling height
- One drive‑in door
- Drive‑in loading dock is 70 FT deep
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
$483,893
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
4.96%
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%
$9,677,860
$9.7M
Cap Rate 7%
$6,912,757
$6.9M
Cap Rate 9%
$5,376,589
$5.4M
Market Conditions
NOI Build-Up for 22,400 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
$596.7K $26.64/SF
− Vacancy
−$27.4K −$1.23/SF
EGI
$569.3K $25.41/SF
− OpEx
−$85.4K −$3.81/SF
NOI
$483.9K $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%
$9,677,860
Cap Rate 7%
$6,912,757
Cap Rate 9%
$5,376,589
Alternative Uses
Best Use
Warehouse
$6.91M
$6.05M – $8.06M
NOI $483,893 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$18.55M
$16.23M – $21.64M
NOI $1,298,304 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,149
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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?
Warehouse - Vacant warehouse in Brooklyn with parking, one drive-in door, and a 70-foot-deep loading dock
Where is this warehouse located?
The property is located at 333-359 Moffat St Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: 21 FT ceiling height; One drive‑in door; Drive‑in loading dock is 70 FT deep
