Industrial Building with Loading
For Sale
$4,950,000
342 Ten Eyck St, Brooklyn, NY 11206
Vacant at closing with M1-2 zoning and gated off-street parking area.
Property Size8,600 SF
Price / SF$575.58
Days on Market639
Property Features for 342 Ten Eyck St
General Information
Standard status
Active
Size
8,600 SF
Property subtype
Industrial
Zoning
M1-2
Additional Details
Road Access
Yes
Building Details
Building Size
8,600 SF
Year Built
1920
Buildings
1
Stories
1
Listing Agency:
Matthews Real Estate Investments Services | New York
Listed By:
DJ Johnston · License #10401225168(NY)
(718) 701-5367
Source:
Cpix.resimplifi
Added: Dec 5, 2024
Changed: Aug 31
Last Checked: Aug 31 at 1:48AM
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 Matthews Real Estate Investments Services | New York
Investment Insights
Based on property information with market context.
This 8,600 SF industrial building at 342 Ten Eyck St in Brooklyn will be delivered vacant at closing. Built in 1920, the elevated structure includes one loading dock and benefits from a long curb cut along Bogart Street. The property also has 200 feet of wraparound frontage along Ten Eyck Street and Bogart Street.
A gated 12-foot by 60-foot strip of vacant land provides private off-street parking. The property includes 8,600 SF of unused air rights, allowing 17,200 Commercial SF as-of-right or 41,280 SF for community facility use. Zoning is M1-2. The Grand Street L-train station is within three blocks, with Bedford Avenue and Union Square accessible within 15 minutes.
A gated 12-foot by 60-foot strip of vacant land provides private off-street parking. The property includes 8,600 SF of unused air rights, allowing 17,200 Commercial SF as-of-right or 41,280 SF for community facility use. Zoning is M1-2. The Grand Street L-train station is within three blocks, with Bedford Avenue and Union Square accessible within 15 minutes.
Key Highlights
- 8,600 SF industrial building built in 1920
- 200 feet of wraparound frontage on Ten Eyck Street and Bogart Street
- Elevated building with one loading dock and long curb cut along Bogart Street
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
$152,996
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
3.09%
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%
$3,059,920
$3.1M
Cap Rate 7%
$2,185,657
$2.2M
Cap Rate 9%
$1,699,956
$1.7M
Market Conditions
NOI Build-Up for 8,600 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
$229.1K $26.64/SF
− Vacancy
−$10.5K −$1.23/SF
EGI
$218.6K $25.41/SF
− OpEx
−$65.6K −$7.62/SF
NOI
$153.0K $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%
$3,059,920
Cap Rate 7%
$2,185,657
Cap Rate 9%
$1,699,956
Alternative Uses
Best Use
Industrial
$2.19M
$1.91M – $2.55M
NOI $152,996 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.12M
$6.23M – $8.31M
NOI $498,456 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
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.
Frequently Asked Questions
What type of property is this?
Industrial property - Vacant at closing with M1-2 zoning and gated off-street parking area.
Where is this industrial property located?
The property is located at 342 Ten Eyck St Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 8,600 SF industrial building built in 1920; 200 feet of wraparound frontage on Ten Eyck Street and Bogart Street; Elevated building with one loading dock and long curb cut along Bogart Street
