Industrial Property for
For Sale
$5,900,000
35 Division Pl, Brooklyn, NY 11222
10000 sqft industrial property available for sale.
Property Size10,000 SF
Price / SF$590
Days on Market197
Property Features for 35 Division Pl
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Vacant-User
Amenities
10,000 SF single-story industrial building, slab on grade, built full on a 100' X 100' (10,000 SF) lot
18.5' ceiling clearance & wide-column spacing in main bay accommodating racking and larger equipment
700-amp, 3-phase electrical power supports workloads with demanding power requirements
Building Details
Building Size
10,000 SF
Year Built
1939
Listed By:
Tom Brennan · License #License(s): NY: 10401288240
(718) 475-4326
Source:
Marcusmillichap
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 9 at 4:21PM
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 Tom Brennan
Investment Insights
Based on property information with market context.
This is a 10000 square foot industrial property available for sale.
Key Highlights
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,902
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,558,040
$3.6M
Cap Rate 7%
$2,541,457
$2.5M
Cap Rate 9%
$1,976,689
$2.0M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$266.4K $26.64/SF
− Vacancy
−$12.3K −$1.23/SF
EGI
$254.1K $25.41/SF
− OpEx
−$76.2K −$7.62/SF
NOI
$177.9K $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 Rate 5%
$3,558,040
Cap Rate 7%
$2,541,457
Cap Rate 9%
$1,976,689
Alternative Uses
Best Use
Industrial
$2.54M
$2.22M – $2.97M
NOI $177,902 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.28M
$7.25M – $9.66M
NOI $579,600 @ 7.0% cap · market cap 9.82%
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
4,007
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Industrial property - 10000 sqft industrial property available for sale.
Where is this industrial property located?
The property is located at 35 Division Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Built in 2018
